Question
1.To the nearest penny, how much would you need to contribute semiannually to a 5% annuity to have $30,000 in eight (8) years? Part 2.
1.To the nearest penny, how much would you need to contribute semiannually to a 5% annuity to have $30,000 in eight (8) years? Part 2. Grandpa wishes to establish a $200,000 college fund for his new granddaughter.The finds a 5.35% annuity and plans to contribute monthly for the next 18 years.How much are his monthly payments?
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An Introduction to the Mathematics of financial Derivatives
Authors: Salih N. Neftci
2nd Edition
978-0125153928, 9780080478647, 125153929, 978-0123846822
