What amount must you invest at the end of every 6 months for 13 years to accumulate $120,000 if you can earn 10% compounded quarterly? O $17,486.25 $9,365.19 O $22,154.44 O $2,326.59 O $2,555.89
What amount must you invest at the end of every 6 months for 13 years to accumulate $120,000 if you can earn 10% compounded quarterly? O $17,486.25 $9,365.19 O $22,154.44 O $2,326.59 O $2,555.89
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 3PROB
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Transcribed Image Text:What amount must you invest at the end of every 6 months for 13 years to
accumulate $120,000 if you can earn 10% compounded quarterly?
O $17,486.25
$9,365.19
O $22,154.44
$2,326.59
O $2,555.89
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