To retire a bond of $ 100,000.00 in 5 years, what amount needs to be deposited at 8% quarterly?
To retire a bond of $ 100,000.00 in 5 years, what amount needs to be deposited at 8% quarterly?
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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- To retire a bond of $ 100,000.00 in 5 years, what amount needs to be deposited at 8% quarterly?
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