An investor makes deposits twice a month into a fund paying interest at j4 = 6.5%. At

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An investor makes deposits twice a month into a fund paying interest at j4 = 6.5%. At the time of the 80th deposit, she wishes to have $100,000. What deposit is needed?

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Business Statistics A Decision Making Approach

ISBN: 9780133021844

9th Edition

Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry

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Posted Date: Mar 20, 2024 02:21 AM

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An investor makes deposits twice a month into a fund paying interest at j4 = 6.5%. At

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Answer We can use the Future Value of an Ordinary Annuity formula to solve this problem This formul... View the full answer

Business Statistics A Decision Making Approach

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