Question
You currently have $5,500 (Present Value) in an account that has an interest rate of 6.5% per year compounded semi-annually (2 times per year). You
You currently have $5,500 (Present Value) in an account that has an interest rate of 6.5% per year compounded semi-annually (2 times per year). You want to withdraw all your money when it reaches $9,900 (Future Value). In how many years will you be able to withdraw all your money?
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Lending Investments And The Financial Crisis
Authors: Elena Beccalli, Federica Poli
1st Edition
1349564982, 978-1349564989
