Question 4 (1 point)
You are going to save money for your son’s education. You have decided to place $2,063 every half year at the end of the period into a saving account earning 8.35 percent per year, compounded semi-annually for the next 9 years. How much money will be in the account at the end of that time period?
Round the answer to two decimal places.
Homework #3B (FV and PV of annuity non-annually)