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How much must be deposited into an account to accumulate to $32,000 at 7% compounded semi-annually at the beginning of each month for 20 years?
- How much must be deposited into an account to accumulate to $32,000 at 7% compounded semi-annually
- at the beginning of each month for 20 years? (3 marks)
b. at the end of each year for 15 years?
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Lorne Switzer, Maureen Stapleton, Dana Boyko, Christine Panasian
9th Canadian Edition
1259271935, 9781259271939
