How much would you have to pay into an account at the end of every 6 months

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How much would you have to pay into an account at the end of every 6 months to accumulate $10 000 in eight years if interest is 3% compounded semi-annually?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:56 AM

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How much would you have to pay into an account at the end of every 6 months

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Six monthly payment can be calculated by using following formula Future Value ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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