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(Solution) - Silas is about to begin regular month end contributions of 500

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Silas is about to begin regular month-end contributions of $500 to a bond fund. The fund?s long-term rate of return is expected to be 6% compounded semiannually. Rounded to the next higher month, how long will it take Silas to accumulate $300,000?


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This question was answered on: Jul 11, 2017

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