Question
You plan to save up $12000 in five year. At the end of year 1 your dad give you $5000 to put in your account,
You plan to save up $12000 in five year. At the end of year 1 your dad give you $5000 to put in your account, then you make 8 further equal semi-annual deposits in your account with the interest rate of 12%, compounding semi-annually. How much do you have to deposit every six month to reach your target?
| 407.25 | ||
| $ 704.5 | ||
| $4072.5 | ||
| $402.75 |
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Innovation In Public Transport Finance
Authors: Shishir Mathur
1st Edition
1138250139, 978-1138250130
