Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

$726.56 is deposited at the end of every six months into an account earning 6.45%interest compounded semi-annually.If the balance in the accountfour years afterthe last

$726.56 is deposited at the end of every six months into an account earning 6.45%interest compounded semi-annually.If the balance in the accountfour years afterthe last deposit is to be $31 300.00, how many deposits are needed?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Differential Equations On Fractals A Tutorial

Authors: Robert S Strichartz

1st Edition

0691186839, 9780691186832

More Books

Students also viewed these Mathematics questions

Question

What are the limitations of internal controls?

Answered: 1 week ago

Question

How long might such a culture change take? kpo69

Answered: 1 week ago