You have decided to put $ 200 in a savings account on the first of every half-year for 10 years. The savings account credits interest semi-annually, at the annual rate of 6%. You wish to know how much money will you have in your account immediately after your last deposit. Find the number of payments per year. a. 1 b. 4 c. 12 d. 6 e. 2

You have decided to put $ 200 in a savings account on the first of every half-year for 10 years. The savings account credits interest semi-annually, at the annual rate of 6%. You wish to know how much money will you have in your account immediately after your last deposit. Find the number of payments per year. a. 1 b. 4 c. 12 d. 6 e. 2

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 1P

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