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

Answer rating: 100% (QA)

To calculate the amount you need to deposit every 6 months to reach 100000 in 10 years we can use th... View the full answer