Question
You can invest in a bank account that has an APR of 8%. You want to make equal deposits every semester (six months) of $500
You can invest in a bank account that has an APR of 8%. You want to make equal deposits every semester (six months) of $500 for the next 5 years. How much will you have accumulated at the end of the 5 years?
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There are 3 Steps involved in it
Step: 1
You can accumulate approximately 600305 at the end of 5 years by investing 500 every semester for 5 ...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
