A sum of money invested now at 10 percent compounded semi annually is to provide payments of
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A sum of money invested now at 10 percent compounded semi annually is to provide payments of 1500 dollars every 6 months for 8 years, with the first payment due 6 months from now.
a) How much money should be invested?
b) How much money will the investment earn?
Expert Answer:
Answer rating: 100% (QA)
ANSWER A Investing is an effective way to put your money to work and potentially build wealth Smart investing may allow your money to outpace inflatio... View the full answer
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