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you would like to have $4000 in 4 years for a special vacation following graduation by making deposits at the end of every 6 months
you would like to have $4000 in 4 years for a special vacation following graduation by making deposits at the end of every 6 months in an annuity that pays 7% compounded semiannually
A) how much should you deposit at the end of every six months?
B) how much of the $4000 comes from deposits and how much comes from interest?
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Multifractal Financial Markets An Alternative Approach To Asset And Risk Management
Authors: Yasmine Hayek Kobeissi
1st Edition
1461444896, 978-1461444893
