A person invests $1000 each year at the beginning of the year. What is the total value
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A person invests $1000 each year at the beginning of the year. What is the total value of these investments after 20 years if they earn 3.5% annual interest, compounded semiannually?
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Since the interest is compounded semiannually we first need to find the interest rate per sixmonth p...View the full answer
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Related Book For
Basic Technical Mathematics
ISBN: 9780137529896
12th Edition
Authors: Allyn J. Washington, Richard Evans
Question Posted:
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