Heather Enterprise wants to accumulate a total sum of $581,000 in a few years. They want to
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Heather Enterprise wants to accumulate a total sum of $581,000 in a few years. They want to deposit $104,800 today and make additional $11,680 deposits at the end of every three months thereafter. How many additional deposits and how long will it take to accumulate the $581,000 if interest rate is 5.29% compounded semi-annually?
Related Book For
Intermediate Accounting
ISBN: 978-0324659139
11th edition
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
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