Selina Cortez wants to accumulate $5,400.00 in ten years. She sets up a savings account and makes equal deposits at the beginning of every six months. If her account earns 7% compounded semi-annually, how much should Selina deposit every six months to reach her goal?
Added by Lucas P.
Step 1
Since Selina is depositing every six months for ten years, there will be 10*2 = 20 periods. Show more…
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