1) Listen Victoria Industries (VI) plans to accumulate funds for the purchase of a larger manufacturing facility seven years from now. If VI contributes $10,000 at the beginning of each month to an...

Extracted text: 1) Listen Victoria Industries (VI) plans to accumulate funds for the purchase of a larger manufacturing facility seven years from now. If VI contributes $10,000 at the beginning of each month to an investment account earning 4.5% compounded semi- annually, what amount will VI accumulate at the end of seven years (round to the nearest dollar)? A/