E Apps McGraw Hill Canad. Justin has already saved $11,300 in his investment account today and he plans to continue to add on equal deposits at the end of every six months for the next 9 years. What...

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E Apps McGraw Hill Canad.<br>Justin has already saved $11,300 in his investment account today and he plans to<br>continue to add on equal deposits at the end of every six months for the next 9 years.<br>What semi-annual payment is required to accumulate $51,000 in total at the end of the<br>9 years if the nominal rate of return on the investment is 6.01% compounded monthly?<br>Enter the future value as a positive value in the FV box below.<br>Enter PV and PMT as positive or negative values based on FV being positive.<br>Report PMT accurate to the nearest cent.<br>P/Y = 2<br>C/Y = 1<br>N =<br>I/Y = 6.01<br>PV = $ 11300<br>PMT = $<br>FV = $ 51000<br>The size of each semi-annual payment required is<br>O Type here to search<br>esc<br>échapp<br>?<br>10<br>ho<br>144<br>a<br>23<br>%24<br>4<br>%<br>&<br>#<br>7.<br>a<br>CO<br>

Extracted text: E Apps McGraw Hill Canad. Justin has already saved $11,300 in his investment account today and he plans to continue to add on equal deposits at the end of every six months for the next 9 years. What semi-annual payment is required to accumulate $51,000 in total at the end of the 9 years if the nominal rate of return on the investment is 6.01% compounded monthly? Enter the future value as a positive value in the FV box below. Enter PV and PMT as positive or negative values based on FV being positive. Report PMT accurate to the nearest cent. P/Y = 2 C/Y = 1 N = I/Y = 6.01 PV = $ 11300 PMT = $ FV = $ 51000 The size of each semi-annual payment required is O Type here to search esc échapp ? 10 ho 144 a 23 %24 4 % & # 7. a CO
P/Y = 2<br>C/Y = 1<br>N =<br>I/Y = 6.01<br>PV = $ 11300<br>PMT = $<br>FV = $ 51000<br>The size of each semi-annual payment required is<br>(enter a positive value) $<br>Submit Question<br>O Type here to search<br>hp<br>esc<br>napp<br>?<br>10<br>

Extracted text: P/Y = 2 C/Y = 1 N = I/Y = 6.01 PV = $ 11300 PMT = $ FV = $ 51000 The size of each semi-annual payment required is (enter a positive value) $ Submit Question O Type here to search hp esc napp ? 10

Jun 11, 2022
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