Ican't find the answerderek established his own retirement account 10 years ago. he has discovered that he can obtain a better rate for the next 10 years at 12 percent interest compounded semiannually. consequently, derek established a new ordinary annuity account (beginning amount $0.00) and he will contribute $7,000.00 semiannually into the account for the next 10 years. what will be the value of this account at the end of the 10-year period? a)$83,652.59b)$257,502.00c)$244,707 .61d)$264,501.86

We have:

No. of payments n = 10x 4 = 40

Periodic payment pmt = $7000

Period rate r= 12%/4 = 3%

We can use the following formula to calculate the Future value:

plugging the values in the formula, we get:

lives by a moral and ethical code

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.