Question
Suppose $117 is deposited at the end of every month into an account earning 8.7 % per annum compounded semi-annually. If the balance in the
Suppose $117 is deposited at the end of every month into an account earning 8.7 % per annum compounded semi-annually. If the balance in the account is to be $14,400, how many deposits are needed?
The number of deposits needed is__
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
