You are planning to make two equal amount deposits, one now and the other 3 years from

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You are planning to make two equal amount deposits, one now and the other 3 years from now in order to accumulate $300,000 ten years in the future. If the interest rate is 14% per year, compounded semiannually, the size of each deposit is:

(a) <$46,300

(b) $46,525

(d) >$48,200

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Dec 24, 2018 08:38 AM

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You are planning to make two equal amount deposits, one now and the other 3 years from

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xFP720 xFP714 300000 x386...View the full answer

Engineering Economy

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