Question
Deposits of $725 are made semiannually in an account earning 11.25% compounded semiannually. The first deposit is made on January 1, 2012 and the last
Deposits of $725 are made semiannually in an account earning 11.25% compounded semiannually. The first deposit is made on January 1, 2012 and the last deposit is made on July 1, 2019. If the money is then left in the account to accumulate interest, how much is in the account on January 1, 2024?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
