Question
What annual stated rate of interest, r, compounded semiannually (c = 2) would be required to accumulate a balance of $523,369.99 at the end of
What annual stated rate of interest, r, compounded semiannually (c = 2) would be required to accumulate a balance of $523,369.99 at the end of year 25, if one were to make semiannual deposits of $2,500 starting six months from todayfor all 25 of the following years (including a deposit at the end of year 25?
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Modern Financial Markets Prices, Yields, And Risk Analysis
Authors: Mark Griffiths, Drew Winters, David W Blackwell
1st Edition
0470000104, 9780470000106
