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Fine F = ? Answer: i = 3% semiannually compounded monthly i = 5% | = 4% + + 100,000 90,000 80,000 2,000 2,000 2,000

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Fine F = ? Answer: i = 3% semiannually compounded monthly i = 5% | = 4% + + 100,000 90,000 80,000 2,000 2,000 2,000 2,000 2,000 70,000 60,000 0 1 2 3 4 5 18 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 so years F

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