Pls help me get thorough the solution thanks very much How long will it take to build up a fund of $10,000 by saving $300 at the beginning of every six months at 4.5% compounded semi-annually?It will take semi-annual periods.(Round up to the nearest whole number)CETTE

An annuity is a financial product that provides a stream of income payments at fixed intervals,…

Answered: How long will it take to build up a…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 28P

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How long will it take to build up a fund of $10,000 by saving $300 at the beginning of every six months at 4.5% compounded semi-annually? It will take semi-annual periods (Round up to the nearest whole number) GOD