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Question 3 Not yet saved Marked out of 1.00 Flag question You are wishing to accumulate $20,000 for an expedition in 6 years' time.
Question 3 Not yet saved Marked out of 1.00 Flag question You are wishing to accumulate $20,000 for an expedition in 6 years' time. To do this, you will make 12 equal deposits (half yearly) with the first deposit today. If you earn 7.0% per annum compounding twice yearly, what deposit will be needed? (round to nearest cent; don't use $ sign or commas) a. $1323.36 b. $1369.68 c. $677.71 d. $2613.01
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