Question
$9,000 is deposited at the end of each half year in an account that earns 6.6% compounded semiannually until $100,000 has accumulated in the account.
$9,000 is deposited at the end of each half year in an account that earns 6.6% compounded semiannually until $100,000 has accumulated in the account.
After how many half years will the account contain $100,000?
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Corporate Financial Management
Authors: Julian Ralph Franks, Harry H. Scholefield
2nd Edition
0566020548, 978-0566020544
