What payment made at the end of every 6 months for 15 years will accumulate to $18000

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What payment made at the end of every 6 months for 15 years will accumulate to $18000 if interest is 5% compounded semi-annually?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:55 AM

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What payment made at the end of every 6 months for 15 years will accumulate to $18000

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We can calculate six monthly payment by using following formula Future Value of ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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