1.A father is investing 1000 t , every 6 months into a life insurance account for his son. According to the contract the insurance company will apply 12% annual interest to the payments and 5 years...

A father is investing 1000 ₺ , every 6 months into a life insurance account for his son. According to the contract ,the insurance company will apply 12% annual interest to the payments and 5 years later ,the son will be able to withdraw the money. Compute the amount accumulated in this account at the end of the 5th year.

Extracted text: 1.A father is investing 1000 t , every 6 months into a life insurance account for his son. According to the contract the insurance company will apply 12% annual interest to the payments and 5 years later ,the son will be able to withdraw the money. Compute the amount accumulated in this account at the end of the 5th year. www www ww wwww w wwww w W www w ww