Question
He makes monthly deposits of X to his bank account. The account earns 10% convertible semiannually and its value after 120 deposits is $10,000. a)
He makes monthly deposits of X to his bank account. The account earns 10% convertible semiannually and its value after 120 deposits is $10,000. a) Find X if the interest conversion period is 6 months. b) Find X if the interest conversion period is 1 year.
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The Evolution Of Finance
Authors: Barbara Guth
1st Edition
1633377261, 978-1633377264
