Question
What is the accumulated value of periodic deposits of $5,000 made into an investment fund at the beginning of every six months, for 5 years,
What is the accumulated value of periodic deposits of $5,000 made into an investment fund at the beginning of every six months, for 5 years, if the interest rate is 3.75% compounded semi-annually?
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
4th edition
78025524, 978-0078025525
