Question: Semiannual and other compounding periods Monthly compounding implies that interest is compounded 6 times per year. You have deposited $ 3 , 7 5 0
Semiannual and other compounding periods
Monthly compounding implies that interest is compounded times per year.
You have deposited $ into an account that will earn an interest rate of compounded semiannually. How much will you have in this account at the end of eight years?
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$
$
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