Edison wants to have Php900,000 in 4 years. He makes semi-annual deposits in a savings account paying interest at 8% compounded semi-annually. Find the semi-annual deposit.
Edison wants to have Php900,000 in 4 years. He makes semi-annual deposits in a savings account paying interest at 8% compounded semi-annually. Find the semi-annual deposit.
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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Edison wants to have Php900,000 in 4 years. He makes semi-annual deposits in a savings account paying interest at 8% compounded semi-annually. Find the semi-annual deposit.
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