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Adrian wants to have $16 500 in 4 years to start a mechanic shop. He plans to save the money by making regular deposits
Adrian wants to have $16 500 in 4 years to start a mechanic shop. He plans to save the money by making regular deposits into an annuity that earns 10.9% per year compounded semi-annually. What semi-annual deposits does Adrian have to make? (4 Marks)
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
