Use both interest conversion approach and algebraic, Financial Management

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Use both interest conversion approach and algebraic

Use both interest conversion approach and algebraic approach to ?nd the accumulated value 18 years after the ?rst payment is made of an annuity on which there are 8 payments of $2000 each made at two-year intervals. The nominal rate of interest convertible semiannually is 7%. Answer to the nearest dollar.

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Financial Management: Use both interest conversion approach and algebraic

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Financial Management: Use both interest conversion approach and algebraic

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