Question

Parents have set up a sinking fund in order to have $150,000 in 12 years for their children's college education. How much should be paid semiannually into an account paying 8.6% compounded semiannually? m = 150, 000 m = 1 m = 0.086 m = 12 m = 24 There would be no m value used. m = 8.6 m = 2

Name: parents have set up a sinking fund in order to have 150000 in 12 years for their childrens college education how much should be paid semiannually into an account paying 86 compounded semiann 56376
Uploaded: 2022-10-02T18:26:59-08:00
Duration: 2 min 31 s
Channel: Sri K
Description: parents have set up a sinking fund in order to have 150000 in 12 years for their childrens college education how much should be paid semiannually into an account paying 86 compounded semiann 56376

          Parents have set up a sinking fund in order to have $150,000 in
12 years for their children's college education. How much should be
paid semiannually into an account paying 8.6% compounded
semiannually?
m = 150, 000
m = 1
m = 0.086
m = 12
m = 24
There would be no m value used.
m = 8.6
m = 2

Added by Thomas T.

Calculus: Early Transcendentals

James Stewart 8th Edition

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Solved by Expert Sri K

10/02/2022

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Parents have set up a sinking fund in order to have $150,000 in 12 years for their children's college education. How much should be paid semiannually into an account paying 8.6% compounded semiannually? m = 150, 000 m = 1 m = 0.086 m = 12 m = 24 There would be no m value used. m = 8.6 m = 2