Question
Assuming you already have $20,000 in your account earning 5.000% compounded semi-annually, how much do you have to deposit every 6 months in order to
Assuming you already have $20,000 in your account earning 5.000% compounded semi-annually, how much do you have to deposit every 6 months in order to have $100.000 in the account in 10 years?
Answer in $. to two decimal places i.e. $x.XXX.XX
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
