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The nominal interest rate is 10 compounded semiannually What amount will need to be deposited every six months to be able to have enough money to pay three annuity payments of $5,000 for three

The nominal interest rate is 10?% compounded semiannually. What amount will need to be deposited every six months to be able to have enough money to pay three annuity payments of ?$5,000 for three years beginning at the end of year? seven? The deposits begin now and continue every six months until six deposits have been made. The amount to be deposited every six months is?

Jun 04 2020 View more View Less

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