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determine the rates of i (interest rates per period), n(number of interest periods), and f (future value) for the following situation. Determine the values of
determine the rates of i (interest rates per period), n(number of interest periods), and f (future value) for the following situation.
Determine the values of i (the interest rate per period), n (the number of interest periods), P (the present value), and F (the future value) for the following situation An amount of $4870.59 is deposited on January 1, 2006. The balance on July 1, 2013 is $6000 and the interest is 2.8 % compounded semiannually. i (Type an integer or a decimal.) Step by Step Solution
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