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What amount must be deposited into an account which pays 4.3% interest compounded continuously in order of ake semiannual payments of $5,000 beginning a. six
What amount must be deposited into an account which pays 4.3% interest compounded continuously in order of ake semiannual payments of $5,000 beginning
a. six months from now? b. ten years from now?
The correct answer should be: A) $230,067.10 B) $152,913.29
I need step by step work, financial calculators and excel are not allowed.
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