An investment fund grew to $30,000 after month-end payments for ten years. If the fund was earning

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An investment fund grew to $30,000 after month-end payments for ten years. If the fund was earning 5% compounded semi-annually throughout the time period, what was the size of these payments?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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