You planned on having your personal trust fund by making uniform semi-annual end-of-period deposits for twenty-years. Your trust fund would provide one-hundred-thousand-pesos at the end of each of the last five years of the twenty-year period. If the interest rate is at eight-percent which would be compounded semi-annually, what should be the required semi-annual deposit to be made?

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
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You planned on having your personal trust fund by making uniform semi-annual end-of-period deposits for twenty-years. Your trust fund would provide one-hundred-thousand-pesos at the end of each of the last five years of the twenty-year period. If the interest rate is at eight-percent which would be compounded semi-annually, what should be the required semi-annual deposit to be made? Choices are: 7300 8400 5100 6200
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