Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How much does your dad have to deposit semi-annually to accumulate to $113 200.00 after nine and a half years at 6.5% compounded semi-annually? options:

How much does your dad have to deposit semi-annually to accumulate to $113 200.00 after nine and a half years at 6.5% compounded semi-annually? 

options: 

$2136.88 

$8549.22 

$3649.61 

$4499.82 

$4399.86

Step by Step Solution

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Engineering Economy

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

15th edition

132554909, 978-0132554909

More Books

Students also viewed these Accounting questions