Asked by Brianne
If a bank offers a rate of 4.5% compounded semiannually, how much should you deposit to accumulate 50,000 in 15 years
Answers
Answered by
Reiny
x(1.0225)^30 = 50000
solve for x to get
x = 25649.00
solve for x to get
x = 25649.00
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