How much would you have to into an account at the beginni of every

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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6

How much would you have to pay
into an account at the beginning
of every
month
to accumulate
$14,600.00
in
10
years, if interest is
8%
compounded semi-annually?
The payments would have to be
_$
Transcribed Image Text:How much would you have to pay into an account at the beginning of every month to accumulate $14,600.00 in 10 years, if interest is 8% compounded semi-annually? The payments would have to be _$
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