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Thirteen semi-annual deposits are made eaming interest of 85% compounded semi-annually. The size of the first deposit is $1500 and the deposits increase at 36%
Thirteen semi-annual deposits are made eaming interest of 85% compounded semi-annually. The size of the first deposit is $1500 and the deposits increase at 36% thereafter (a) Determine the total amount deposited (b) How much was the accumulated value of the deposits just after the last deposit was made? (c) What is the size of the 7th deposit? (d) What is the amount of interest included in the accumulated value
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