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How many semi-annually payments will it take for $550.00 deposited at the end of each half year to amount to $12500.00 at 6% compounded monthly?
How many semi-annually payments will it take for $550.00 deposited at the end of each half year to amount to $12500.00 at 6% compounded monthly?
FV = $ ______________________
PMT = $ _______________
I/Y = _______________
C/Y = _______________
i = _______________
c = _______________
p = _______________
Total number of payments = _______________
Please fill the all blanks specifically, I do not need any explanation.
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