For her daughter's education, Georgina Harcourt has invested an inheritance in a fund paying 3.8% compounded semi-annually. If ordinary annuity payments of $185 per month are to be made out of the fund for seven years, how much was the inheritance? Please explain it fast but correct. I will really upvote. Thanks

For her daughter's education, Georgina Harcourt has invested an inheritance in a fund paying 3.8% compounded semi-annually. If ordinary annuity payments of $185 per month are to be made out of the fund for seven years, how much was the inheritance? Please explain it fast but correct. I will really upvote. Thanks

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 15E

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