+0  
 
0
66
1
avatar

 

 $1000 deposited every six months for 6 years at 5 2 1 % compounded semiannually.

 Feb 26, 2021
 #1
avatar+112972 
+1

What is 5 2 1 %  meant to mean.

Is the money deposited at the beginning or end of each 6 months..?

 

If it is deposited at the end then it is an ordinary annuity and here is the formula

 

 Feb 26, 2021

76 Online Users

avatar
avatar
avatar
avatar