Multiple Choice
Assume that you can invest to earn a stated annual rate of return of 12 percent, but where interest is compounded semi-annually.If you make 20 consecutive semi-annual deposits of R500 each, with the first deposit being made today, what will your balance be at the end of Year 20?
A) R52,821.19
B) R57,900.83
C) R58,988.19
D) R62,527.47
E) R64,131.50
Correct Answer:
Verified
Correct Answer:
Verified
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