12. Jim and his partners want to have Php4.2M in 3 years. They make semi-annual deposits in an account which pays interest at 7% compounded semi-annually. Find their semi-annual deposit.
12. Jim and his partners want to have Php4.2M in 3 years. They make semi-annual deposits in an account which pays interest at 7% compounded semi-annually. Find their semi-annual deposit.
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 13PROB
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![12. Jim and his partners want to have Php4.2M in 3 years. They make semi-annual deposits in
an account which pays interest at 7% compounded semi-annually. Find their semi-annual deposit.
12](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb3afb5a8-b507-41ec-90bd-20b30f93dc80%2F4ded2b7c-7328-402e-91a5-9fc2a828f3af%2Fbexgd9d_processed.png&w=3840&q=75)
Transcribed Image Text:12. Jim and his partners want to have Php4.2M in 3 years. They make semi-annual deposits in
an account which pays interest at 7% compounded semi-annually. Find their semi-annual deposit.
12
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