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It is now January 1, 2018. You plan to make 5 deposits of $200 each, one every 6 months, with the first payment being made
It is now January 1, 2018. You plan to make 5 deposits of $200 each, one every 6 months, with the first payment being made today. If the bank pays a nominal interest rate of 10%, but uses semi-annual compounding, how much will be in your account after 8 years?
It is now January 1, 2018. You plan to make 5 deposits of $200 each, one
every 6 months, with the first payment being made today. If the bank pays a
nominal interest rate of 10%, but uses semi-annual compounding, how much will
be in your account after 8 years?
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Survey Of Accounting
Authors: Carl S. Warren
4th Edition
0538478144, 9780538478144
