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I do not need excel solution. Please give me the theoretical solution. Nancy deposits 1000 into a fund for 15 years. The fund pays interest
I do not need excel solution. Please give me the theoretical solution.
Nancy deposits 1000 into a fund for 15 years. The fund pays interest at the end of each 6-month period at a nominal rate of interest convertible semiannually . The interest payments are reinvested in a separate fund earning interest at nominal rate of 8% convertible semiannually. The total value of the original investment is 2682.55. Calculate i^(2)
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