An investment is made for $30,000. If you want to recover the cost in 2 years,...

An investment is made for $30,000. If you want to recover the cost in 2 years, what should the realized income be in every 6 months at an interest rate of 12% per year compounded quarterly?

Answer should be: 8675.59

Expert Solution

Rahul Sunny answered 2 years ago

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