2.45 You wish to accumulate $50,000 by semiannual deposits of $800 commenc- ing at time 0 and for as long as necessary. The nominal rate of interest is 6% convertible monthly. Find how many regular...

2.45 You wish to accumulate $50,000 by semiannual deposits of $800 commenc-<br>ing at time 0 and for as long as necessary. The nominal rate of interest is 6%<br>convertible monthly. Find how many regular deposits are necessary.<br>The answer is 35, I need steps and<br>explanation<br>

Extracted text: 2.45 You wish to accumulate $50,000 by semiannual deposits of $800 commenc- ing at time 0 and for as long as necessary. The nominal rate of interest is 6% convertible monthly. Find how many regular deposits are necessary. The answer is 35, I need steps and explanation

Jun 11, 2022

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2.45 You wish to accumulate $50,000 by semiannual deposits of $800 commenc- ing at time 0 and for as long as necessary. The nominal rate of interest is 6% convertible monthly. Find how many regular...

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