Hugh Colson deposited $20,000 in a special savings account that provides for interest at the annual rate

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Hugh Colson deposited $20,000 in a special savings account that provides for interest at the annual rate of 12% compounded semiannually if the deposit is maintained for four years.

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Calculate the balance of the savings account at the end of the four-year period.

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Question Posted: Mar 10, 2012 06:02 AM

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Hugh Colson deposited $20,000 in a special savings account that provides for interest at the annual rate

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Intermediate Accounting

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