Find i (the rate per period) and n (the number of periods) for the following annuity....

Question

Question

Find i (the rate per period) and n (the number of periods) for the following annuity. Semiannual deposits of $2,400 are made

Answer 1

Answer #1

Annual interest rate 8.4% 8.4 100 0.084 It is compounded semi-annually, so twice year. in it is calculated The rate per perio

Answer 2

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