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Problems Back to Assignment Tools Attempts Keep the Highest/15 9. Problem 5.36 (Nonannual Compounding) A-Z a eBook 2. You plan to make five deposits of
Problems Back to Assignment Tools Attempts Keep the Highest/15 9. Problem 5.36 (Nonannual Compounding) A-Z a eBook 2. You plan to make five deposits of $1,000 each, one every 6 months, with the first payment being made in 6 months. You will then make no more deposits the bank pays 4% nominal Interest, compounded semiannually, how much will be in your account for 3 years? Do not found intermediate actions. Hound your answer to the nearest cont 1 ks 5 One year from today you must make a payment of $5,000. To prepare for this payment, you plan to make two equat quartery deposits (et the end of Quarters 1 and 2)in a bank that pays 1 nominal interest compounded vorter. Hon large must each of the two payments be? Do not round intermediate Calculations. Round your answer to the man 5 Grade it Now Save & Continue Continue without saving US o 10:39
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