Question
Chris wants to accumulate $105,000 in 5 years. He plans on making equal semiannual deposits into an investment account that earns 8% semiannually in order
Chris wants to accumulate $105,000 in 5 years. He plans on making equal semiannual deposits into an investment account that earns 8% semiannually in order to reach his goal. How much must Chris invest every six months?
A.$17,021.08
B.$10,539.95
C.$12,945.53
D.$10,500.00
E.$8,745.55
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Risky Business Principles Of Auditing Property And Casualty Insurance
Authors: Seth A. Davis, CIA, CPA, CPCU, CFA, CISA
1st Edition
0894139711, 978-0894139710
