Question
sarah wants to save $304,000.00 for retirement. she already has $21,280.00, and he will make semi-annual deposits for the next 10 years (at the start
sarah wants to save $304,000.00 for retirement. she already has $21,280.00, and he will make semi-annual deposits for the next 10 years (at the start of each period). The interest rate is 3.775% compounded semi-annually. How much will the semi-annual deposits be?
a. K = $11,154.54.
b. K = $13,608.54.
c. K = $12,939.27.
d. K = $15,393.27.
e. K = $11,365.08.
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The New Managed Account Solutions Handbook
Authors: Stephen D. Gresham, Arlen S. Oransky
1st Edition
0470222786, 978-0470222782
