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solina solina
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Posts: 1273
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7 years ago
Ingrid Birdman can earn a nominal annual rate of return of 12%, compounded semiannually. If Ingrid made 40 consecutive semiannual deposits of $500 each, with the first deposit being made today, how much will she accumulate at the end of Year 20? Round off to the nearest $1.
A) $52,821
B) $57,901
C) $82,024
D) $64,132
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
Read 634 times
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Heavy Heart Thank you bio-forums! Heavy Heart
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LutionalLutional
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#1
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7 years ago
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solina Author
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#2
7 years ago
Thanks for helping me with my business management course
Heavy Heart Thank you bio-forums! Heavy Heart
Anonymous
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#3
11 months ago
Help! The answer is missing an explanation...
wrote...
#4
Educator
11 months ago
Use the formula



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