Calculate the amounts that will be accumulated after 20 years if:
a) $1,000 is invested at the end of every six months at 8.5% compounded semi-annually.
b) $2,000 is invested at the end of every year at 8.5% compounded annually.

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The Answer of Calculate the amounts that will be accumulated after 20 years if:
a) $1,000 is invested at the end of every six months at 8.5% compounded semi-annually.
b) $2,000 is invested at the end of every year at 8.5% compounded annually.

Calculate the Amounts That Will Be Accumulated After 20 Years