You are trying to plan for retirement in 20 years by depositing $10,000 every 6 months in
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Question:
You are trying to plan for retirement in 20 years by depositing $10,000 every 6 months in your retirement savings account for the next 25 years, until retirement. Assume that the account returns 5% annual interest compounded semiannually, how much do you have at the end of 25 years?
I'm getting both $974,843.49 and
($845,794.01) |
Can you please explain using excel
Related Book For
Advanced Accounting
ISBN: 9781260247824
14th Edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
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