To find out the balance in your account just after you make your last deposit whereby you will deposit $400 at the end of each 6 months for the next 5 years at a nominal rate of 12% p.a. compounded...


To find out the balance in your account just after you make your last<br>deposit whereby you will deposit $400 at the end of each 6 months for<br>the next 5 years at a nominal rate of 12% p.a. compounded semi-<br>annually, you can also apply which of the following formula to solve for<br>the accumulated amount manually:<br>Select one:<br>O a. FV= PV(1+i)

Extracted text: To find out the balance in your account just after you make your last deposit whereby you will deposit $400 at the end of each 6 months for the next 5 years at a nominal rate of 12% p.a. compounded semi- annually, you can also apply which of the following formula to solve for the accumulated amount manually: Select one: O a. FV= PV(1+i)" FV = PV(1+i)" O b. PVn = PMT[1-(1+ i)*"] /i 1-(1+1) PV = PMT| FVn = PMT[(1+ i)" -1] / i (1+i)"-1 FV = PMT %3D

Jun 09, 2022
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