Sarah deposits $250 into an annuity due at the beginning of every 6-month period for 9 years. The account earns an annual 6% compounded semiannually. What is the future value of the annuity after 9 years? How much interest did she earn?
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Home » Mathematics » Sarah deposits $250 into an annuity due at the beginning of every 6-month period for 9 years. The account earns an annual 6% compounded semiannually. What is the future value of the annuity after 9 years? How much interest did she earn?