You are trying to plan for retirement in 20 years by depositing $10,000 every 6 months in
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You are trying to plan for retirement in 20 years by depositing $10,000 every 6 months in your retirement savings account for the next 20 years, until retirement. The first payment will be 6 months from now. Assume that the account returns 6% annual interest compounded semiannually, how much do you have at the end of 20 years?
Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
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