solve the following showing all workings in microsoft word
It is now January 1, 2018 you plan to make deposits of $500 each, one every 6 months, with the first payment being made today . if the bank pays a nominal interest rate of 12% but uses semi annual compounding, how much will be in your account after 10 years?
Billy Dilly started working with bns as a sales rep and is tyring to catch up on having money for retirement. bns offers him a pension plan with an annuity thst is guaranteed to earn 7% interest compounded semi annually he paln to work for 10 years before retiring and would like to draw an income of $90'000 per annum for 15 years. how much must be deposited per annum into his retirement fund to accomplish this
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