Question: Topic 4 Solving for compounding periods with higher frequency of compounding Example question - You just won $25,000 and deposited your winnings into an account

Topic 4 Solving for compounding periods with higher frequency of compounding

Example question - "You just won $25,000 and deposited your winnings into an account that pays 6.2 percent interest, compounded semi-annually. How long will you have to wait until your winnings are worth $50,000?"

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