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21-11-2016
Mathematics

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Every six months, Jackie deposits $550 into an interest-bearing account to save for her children's tuition. The interest rate on the account is 7.8% compounding semiannually. What is the present value of the investment if Jackie's children leave for college in 12 years?

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21-11-2016

the answer is 14229.60. u times the 550 by 7.8 percent which is 42.90 so add that to 550 then times by 2 then times that answer by 12

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