Artek Corporation deposited $2,000 in a bank account that pays 12% interest annually. If the interest is

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Artek Corporation deposited $2,000 in a bank account that pays 12% interest annually. If the interest is compounded semiannually, how many compounding periods will it take for the deposit to grow to $6,798?

a) 11

b) 21

c) 17

d) 25

e) 19

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: Sep 28, 2023 07:07 AM

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Artek Corporation deposited $2,000 in a bank account that pays 12% interest annually. If the interest is

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Principles of Finance

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