What Semi-Annual Payment Must Be Made into a Fund at the Beginning

question 96

Essay

What semi-annual payment must be made into a fund at the beginning of every six months to accumulate to $4800.00 in ten years at 7% compounded semi-annually?

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Definitions:

Relationship Management

Strategies and practices for managing an organization’s interactions with customers, clients, and sales prospects.

Short-term Interactions

Brief or temporary exchanges or relationships between individuals or entities, often with specific and limited objectives.

Consumer Orientation

A business approach that prioritizes identifying and meeting the needs and wants of consumers.

Creates a Product

The process of designing, manufacturing, or crafting goods or services to be offered for sale or use.