Question: PLEASE USE TIBAA II CALCULATOR FUNCTIONS SUCH AS N, P/Y I/Y etc WHEN POSSIBLE NO FORMULAS 8. Joy would like to receive $6,000 at the
PLEASE USE TIBAA II CALCULATOR FUNCTIONS SUCH AS N, P/Y I/Y etc WHEN POSSIBLE NO FORMULAS
8. Joy would like to receive $6,000 at the end of every 3 months for 10 years after her retirement. If she retires now and interest is 6.5% compounded semi-annually, how much must she deposit into an account? (4 marks)
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