How many deposits are needed

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Question - Suppose $85 is deposited at the end of every three months into an account earning 8.5% per annum compounded semi-annually. If the balance in the account is to be $11,000. how many deposits are needed?

Reference no: EM133146050

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How many deposits are needed : Suppose $85 is deposited at the end of every three months into an account earning 8.5% per annum. How many deposits are needed
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