hoskinmya hoskinmya

08-12-2018
Mathematics

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What is the size of the payments that must be deposited at the beginning of each 6-month period in an account that pays 7.2%, compounded semiannually, so that the account will have a future value of $110,000 at the end of 11 years? (Round your answer to the nearest cent.)

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sqdancefan sqdancefan

08-12-2018

Answer:

$3246.80

Step-by-step explanation:

A financial calculator or financial app can tell you the answer to this. Here is a TI-84 financial app doing the job.

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