Question
NEED NON-EXCEL SOLUTION Nancy deposits 1000 into a fund for 15 years. The fund pays interest at the end of each 6-month period at a
NEED NON-EXCEL 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 at the end of 15 years is 2682.55. Calculate ^2
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Encyclopedia Of Distances
Authors: Michel Marie Deza, Elena Deza
3rd Edition
3662443422, 9783662443422
