Question
Suppose you put $100 into a savings account today, the account pays a nominal annual rate of 6%, but compounded semiannually, and you withdraw $100
Suppose you put $100 into a savings account today, the account pays a nominal annual rate of 6%, but compounded semiannually, and you withdraw $100 after 6 months. What would your ending balance be 20 years after the initial $100 deposit was made?
NO ANSWERS USING EXCEL OR ANY FORMULA. I need to know n, PV, I, fv, and pmt as if I'm going to use the financial calculator.
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Handbook Of Frontier Markets Evidence From Middle East North Africa And International Comparative Studies
Authors: Panagiotis Andrikopoulos , Greg N. Gregoriou , Vasileios Kallinterakis
1st Edition
0128092009,0128094915
