Sam inherited some money, and she wants to set some of that money aside for ten years.
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Sam inherited some money, and she wants to set some of that money aside for ten years. After ten years, she would like to receive $7600.00 at the end of each 6 months for nine years. If the interest is 6.5% compounded semi-annually, how much of her inheritance must you set aside?
Related Book For
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
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