An amount of $1500 is deposited semi-annually for two years into a fund that pays10.5% per year, compounded semi-annually.Determine the regular payment.R = 2R = 10.5R = 105R = 1500

Its is given that $1500 is deposited semi annually for two years into a fund that pays 10.5% per…

Answered: An amount of $1500 is deposited…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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An amount of $1500 is deposited semi-annually for two years into a fun 10.5% per year, compounded semi-annually. Determine the regular payment. OR=2 OR = 10.5 R = 105 R = 1500 $