Seamus has made deposits of $84 into his savings account at the end of every month for 20 years. if interest is 11% per annum compounded semi annually and he leaves the accumulated balance for another 5 years what would be the balance in his account then

Seamus has made deposits of $84 into his savings account at the end of every month for 20 years. if interest is 11% per annum compounded semi annually and he leaves the accumulated balance for another 5 years what would be the balance in his account then

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 1P

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