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Mathematics 10 Online
OpenStudy (anonymous):

You would like to have $130,000 in 8 years by making regular deposits at the end of every six months in an annuity that pays 10% compounded semiannually. How much should you deposit every six months? In your calculations, do not round until the final answer. Then, round the monthly payment to the nearest dollar.

OpenStudy (anonymous):

$5,495.09 would be your answer I believe

OpenStudy (anonymous):

thats what i got too :) thanks!

OpenStudy (anonymous):

your welcome :)

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