How much should a family deposit at the end of every 6 months in order to have $2000 at the end of 5 years? The account pays 5.1% interest compounded semiannually. (Round your final answer to two decimal places.)
How much should a family deposit at the end of every 6 months in order to have $2000 at the end of 5 years? The account pays 5.1% interest compounded semiannually. (Round your final answer to two decimal places.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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have $2000 at the end of 5 years? The account pays 5.1% interest
compounded semiannually. (Round your final answer to two decimal places.)"
Transcribed Image Text:How much should a family deposit at the end of every 6 months in order to
have $2000 at the end of 5 years? The account pays 5.1% interest
compounded semiannually. (Round your final answer to two decimal places.)
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