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Hi Everyone,, could you please help solving this questions? 1. Suppose you decide to deposit $100 every 6 months into an account that pays 6%
Hi Everyone,, could you please help solving this questions?
1. Suppose you decide to deposit $100 every 6 months into an account that pays 6% compounded semiannually. If you make six deposits, one at the end of each interest payment period, over 3 years, how much money will be in the account after the last deposit is made ? 2. How much should you deposit in an account paying 6% compounded semiannually in order to be able to withdraw $1,000 every 6 months for the next 3 yearsStep by Step Solution
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