Allessandro makes monthly deposits of X to her bank account. The account earns 10% convertible...
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Finance
Allessandro makes monthly deposits of X to her bank account. The account earns 10% convertible semiannually and its value after 120 deposits is $10,000.
a) Find X if the interest conversion period is 6 months.
b) Find X if the interest conversion period is 1 year.
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