Question
How many more payments would be required to be able to accumulate at least $97,000 by saving $1,000 at the end of every 6 months
How many more payments would be required to be able to accumulate at least $97,000 by saving $1,000 at the end of every 6 months instead of $1,000 at the beginning of every month? Assume an interest rate of 2.66% compounded semi-annually.
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Introduction To Mathematical Finance Discrete Time Models
Authors: Stanley R. Pliska
1st Edition
1557869456, 9781557869456
