Question
. Bob Smith borrowed $200,000 on January 1, 2015. The interest rate of 8% is compounded semiannually to be repaid January 1, 2025. To repay
. Bob Smith borrowed $200,000 on January 1, 2015. The interest rate of 8% is compounded semiannually to be repaid January 1, 2025. To repay this Bob wants to start making five equal annual deposits into fund that earns 6% annum on January 1, 2020.
Required:
What is the amount of the five annual deposits that Bob needs to make?
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Conducting An Institutional Diversity Audit In Higher Education A Practitioners Guide To Systematic Diversity Transformation
Authors: Edna Chun, Alvin Evans, Benjamin D. Reese
1st Edition
1620368196, 978-1620368190
