How many deposits are needed


Problem

I want accurate answer with proper explanation please I'll upvote show all your work no handwriting

Suppose $726.56 is deposited at the end of every six months into an account earning 6.45% compounded semi-annually. If the balance in the account four years after the last deposit is to be $31 300.00, how many deposits are needed?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: How many deposits are needed
Reference No:- TGS03330095

Expected delivery within 24 Hours