Inheritance invested compounded semi annually, Accounting Basics

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Inheritance invested compounded semi annually

A person received an inheritance of 500000 rs and want to invest a portion of it for future. His goal to accumulate 700000 rs in 12 year.how much of the inheritance should be invested if the money earns interest at 12% per year compounded semi annually?

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Accounting Basics: Inheritance invested compounded semi annually

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Accounting Basics: Inheritance invested compounded semi annually

Reference No:- TGS078127

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : The money must be spent on permanent and tangible things

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Q : Determine the reorder point using variable demand model

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Inheritance invested compounded semi annually

Reference No:- TGS078127

Recent Questions Asked Accounting Basics

Q : The money must be spent on permanent and tangible things

Q : Prepare necessary adjusting entries relative to depreciation

Q : Determine the reorder point using variable demand model

Q : Compensation strategy based on the concepts

Q : Inheritance invested compounded semi annually

Q : Prepare a statement of revenues

Q : Subject public relations

Q : Understand how a credit score is calculated

Q : What are upper and lower control limits for mean and range

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