Assume you make monthly deposits of $200starting 1 month
Chapter 4, Problem 4.73(choose chapter or problem)
Assume you make monthly deposits of $200starting 1 month from now into an accountthat pays 6% per year, compounded semiannually.If you want to know how much you willhave after 4 years, the value of i you shoulduse in the FA factor, assuming no interperiodinterest, is:(a) 0.5% (b) 3.00% (c) 6.0% (d) 12.0%
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