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How many semi-annually payments will take for deposited

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Reference no: EM132892220

Problem 1: How many semi-annually payments will it take for $500.00 deposited at the end of each half year to amount to $10 000.00 at 6% compounded semi-annually?

Option 1: 14 Payments

Option 2: 16 Payments

Option 3: 13 Payments

Option 4: 12 Payments

Option 5: 15 Payments

Reference no: EM132892220

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