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It is desired to save $20,000 by depositing $2,000 every 6 months in an investment that pays 12% compounded semiannually. Se

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Answer #1

Fotore Value - 20000 Semi annual Payment c = 2000 R 127. Por Annum = 0.12 I: R No.of Paymens in a year 0.06 n ex (no. 86 Paymnote :

By trial and error we need to identify when (1.1236)^N equals to 1.6

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