A contractor wishes to set up a special fund by making uniform semiannual end-of-period deposits for 20

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A contractor wishes to set up a special fund by making uniform semiannual end-of-period deposits for 20 years. The fund is to provide $10,000 at the enc of each of the last 5 years of the 20-year period. 1.1. interest is 8%, compounded semiannually, what is the required semiannual deposit?
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Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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