Assuming you already have $20,000 in your account earning 5.000% compounded semi-annually, how much do you have
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Question:
Assuming you already have $20,000 in your account earning 5.000% compounded semi-annually, how much do you have to deposit every 6 months in order to have $100.000 in the account in 10 years?
Answer in $. to two decimal places i.e. $x.XXX.XX
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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