Sweet Inc. deposits $62,000 at the end of each 6-month period for the next 3 years, to accumulate enough money to retire a debt that matures in 3 years. What is the future value that the company will have on deposit at the end of 3 years if the annual interest rate is 10%?

Answer rating: 100% (QA)

To calculate the future value of the deposits made by Sweet Inc at the end of each 6month pe... View the full answer