Question
You currently have $6,200 (Present Value) in an account that has an interest rate of 8% per year compounded semi-annually (2 times per year). You
You currently have $6,200 (Present Value) in an account that has an interest rate of 8% per year compounded semi-annually (2 times per year). You want to withdraw all your money when it reaches $14,880 (Future Value). In how many years will you be able to withdraw all your money?
You currently have $6,200 (Present Value) in an account that has an interest rate of 8% per year compounded semi-annually (2 times per year). You want to withdraw all your money when it reaches $14,880 (Future Value). In how many years will you be able to withdraw all your money?
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Modern Systems Analysis And Design
Authors: Joseph Valacich, Joey George
8th Edition
9780134204925
