Question
to purchase an iMac Pro which is listed $6,299.00 online, Lisa is now depositing $300 to her saving accountevery 6 monthsafter she has saved $5500.If
to purchase an iMac Pro which is listed $6,299.00 online, Lisa is now depositing $300 to her saving accountevery 6 monthsafter she has saved $5500.If the interest rate is 6% p.a. compoundedsemi-monthly, how soon can she purchase the iMac Pro?Step 1. Fill in blanks - the values:4marks
j = __________,mi=__________,i =__________,
mpmt=__________,t =__________, n =__________,
PV =__________,FV =__________
Step 2. Formula and Calculationand Final Answer:6marks
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Essentials of Econometrics
Authors: Damodar Gujarati, Dawn Porter
4th edition
73375845, 978-0071276078, 71276076, 978-0073375847
