Question: You place $ 4 0 , 0 0 0 in an investment account today that earns 5 % compounded semiannually. How much will be in
You place $ in an investment account today that earns compounded semiannually. How much will be in the account after a three years, b four years, or c five years?
Formulas should include the FV function and return a POSITIVE value.
Initial limestment
Additional amount iewested at the end of each semiannual period Interest rate
Compounded semiannually
table
Accoumt balance at the end of:
tableaYear
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