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Mrs. Engleder has made deposits of $750.00 at the end of every six months for twenty-three years. If interest is 3.72% compounded monthly, and you
Mrs. Engleder has made deposits of $750.00 at the end of every six months for twenty-three years. If interest is 3.72% compounded monthly, and you want to know how much will Mrs. Engleder have accumulated six years after the last deposit? Find p (the equivalent rate of Interest per payment period) Select one: a. 0.0187447 b. 0.0099505 C. 0.0045806 d. 0.0404 e. 0.0668115
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