Question
Mrs.Tong makes semi-annual deposits into a fund earning interest at j2 =8%p.a. Her first deposit is $2500 and each succeeding deposit is 6% higher than
Mrs.Tong makes semi-annual deposits into a fund earning interest at j2 =8%p.a. Her first deposit is $2500 and each succeeding deposit is 6% higher than preceding deposit. What is the accumulated value of her fund immediately after her 15th deposit?
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Microeconomics
Authors: Glenn Hubbard, Anthony O'Brien
7th Edition
0134737504, 978-0134737508
