Question: math finance, step by step, 5 minutes :( If 2000 is invested at 12% compound annual interest, what value will it reach after 5 years
math finance, step by step, 5 minutes :(
If 2000 is invested at 12% compound annual interest, what value will it reach after 5 years if the interest is reinvested every six months? With the same annual interest rate, how long will it take to triple the initial capital if it is reinvested every 3 months
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