Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what is the answer How long will it take to save $1327.00 by making deposits of $189 00 at the end of every six months

image text in transcribed

what is the answer

image text in transcribed
How long will it take to save $1327.00 by making deposits of $189 00 at the end of every six months into an account earning interest at 11%% compounded semi-annually? State your answer in yours and months (from ( to 11 months). It will take year(s) and monthis)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Matlab With Applications To Mathematics, Science, Engineering, And Finance

Authors: Jose Miguel David Baez Lopez, David Alfredo Baez Villegas

1st Edition

1351856162, 9781351856164

More Books

Students also viewed these Mathematics questions