Question
Bill has made deposits of $50 at the end of every 6 months into a fund earning j4=8% for the last 2 years. If he
Bill has made deposits of $50 at the end of every 6 months into a fund earning j4=8% for the last 2 years. If he continues to make payments at the end of every 6 months for the next 5 years, how large must the payment be for his balance in the fund to be $7200?
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Financial Management Principles And Practice
Authors: Timothy J. Gallagher, Joseph D. Andrew
3rd Edition
0131768824, 978-0131768826
