Gary decides to set up a retirement fund by depositing $182 at the end of each week for 17 years. How much will he have after 17 years, if the interest rate is 1.95%, compounded semiannually?
Gary decides to set up a retirement fund by depositing $182 at the end of each week for 17 years. How much will he have after 17 years, if the interest rate is 1.95%, compounded semiannually?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Gary decides to set up a retirement fund by depositing $182 at the end of each week for 17 years. How much will he have after 17 years, if the interest rate is 1.95%, compounded semiannually?
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