Mrstong makes semi-annual deposits into a fund earning


Mrs.Tong makes semi-annual deposits into a fund earning interest at j2= 8% p.a. Her first deposit is $2500 and each succeeding deposit is 6% higher than preceding deposit. What is the accumulated value of her fund immediately after her 15th deposit?

Solution Preview :

Prepared by a verified Expert
Basic Computer Science: Mrstong makes semi-annual deposits into a fund earning
Reference No:- TGS01397510

Now Priced at $10 (50% Discount)

Recommended (98%)

Rated (4.3/5)