Question
Susan wants to make the following deposits into her savings account. $X in 2 years, $2,200 in 3 years and $4,500 in 4 years. She
Susan wants to make the following deposits into her savings account. $X in 2 years, $2,200 in 3 years and $4,500 in 4 years. She wants to have $12,000 in 5 years. The interest rate is 6.2% p.a. compounded halfyearly. Calculate $X Susan needs to deposit.
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International Finance Transactions Policy And Regulation
Authors: Hal S. Scott
15th Edition
159941547X, 978-1599415475
