Question
It is now January 1. Kratos plans to make 5 deposits of $300 each, one every 6 months, with the first payment being made exactly
It is now January 1. Kratos plans to make 5 deposits of $300 each, one every 6 months, with the first payment being made exactly six months from today. If the bank pays a nominal interest rate of 12%, but uses semiannual compounding, how much will be in Kratos' account exactly 15 years from today?
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The Little Book Of Common Sense Investing The Only Way To Guarantee Your Fair Share Of Stock Market Returns
Authors: John C. Bogle
1st Edition
1119404509, 978-1119404507
