What is the required semiannual deposit

Reference no: EM132157829

Question: A contractor wishes to set up a special fund by making uniform semiannual end-of-period deposits for 20 years. The fund is to provide $10,000 at the end of each of the last 5 years of the 20-year period. If interest is 8%, compounded semiannually, what is the required semiannual deposit? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132157829

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