Assume you make 18 deposits of $3,597 each, one for every 6 months.
The bank pays a nominal interest rate of 9.8% but uses semiannual compounding. To the nearest $.01, what is the future value after your last deposit and receipt of interest.
Do not use $ sign. Use commas to separate thousands. Use to decimals. Round to the nearest .01 dollars. For example if you obtain $1,432.728 then enter 1,432.73