SOLUTION: Given $400,000 today, determine the equivalent series of 24 semi annual payments which could be generated beginning in 6 months. Assume interest can be earned at a rate of 7 percen
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: Given $400,000 today, determine the equivalent series of 24 semi annual payments which could be generated beginning in 6 months. Assume interest can be earned at a rate of 7 percen
Log On
Question 1164227: Given $400,000 today, determine the equivalent series of 24 semi annual payments which could be generated beginning in 6 months. Assume interest can be earned at a rate of 7 percent per year compounded semi annually Answer by ikleyn(52908) (Show Source):
