A sum of money invested now at 10 percent compounded semi annually is to provide payments of

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A sum of money invested now at 10 percent compounded semi annually is to provide payments of 1500 dollars every 6 months for 8 years, with the first payment due 6 months from now.

a) How much money should be invested?

b) How much money will the investment earn?

Posted Date: Dec 24, 2021 01:50 AM

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A sum of money invested now at 10 percent compounded semi annually is to provide payments of

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ANSWER A Investing is an effective way to put your money to work and potentially build wealth Smart investing may allow your money to outpace inflatio... View the full answer

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