For S = $21,000, payments (R) of $1500 at the end of each 6-month peri – McqOptions

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1.	For S = $21,000, payments (R) of $1500 at the end of each 6-month periodi= 10% compounded semi-annually. Find the minimum number of payments to accumulate 21,000.
A.	10
B.	11
C.	12
D.	13
Answer» C. 12

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