5) An engineer deposits $500 per month into an account that pays 6% interest per year...

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5) An engineer deposits $500 per month into an account that pays 6% interest per year semi-annually (2 times a year). How muc

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Answer 1

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I E = cly] For comparding continuosly Where to effective rate N= Nominal Rak = 2.71 Er e 06 | Es (2.7180.06 | = 1.06164-1 = 0

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