12. Jim and his partners want to have Php4.2M in 3 years. They make semi-annual deposits in an account which pays interest at 7% compounded semi-annually. Find their semi-annual deposit.

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
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12. Jim and his partners want to have Php4.2M in 3 years. They make semi-annual deposits in
an account which pays interest at 7% compounded semi-annually. Find their semi-annual deposit.
12
Transcribed Image Text:12. Jim and his partners want to have Php4.2M in 3 years. They make semi-annual deposits in an account which pays interest at 7% compounded semi-annually. Find their semi-annual deposit. 12
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