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ikrabbe ikrabbe
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6 years ago
What is the size of semi-annual deposits that will accumulate to $113 200.00 after 9.5 years at 6.5% compounded semi-annually?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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wrote...
6 years ago
FV = 113 200, i = 0.065 ÷ 2 = 0.0325, n = 9.5 × 2 = 19
113200.00 = PMT 
113200.00 = PMT(25.7280812
$4399.86 = PMT
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