Question
$1,200 is deposited today into an account paying 6% interest compounded semiannually. How much interest will have been earned after 25 years? A.) $3,950.24 B.)
$1,200 is deposited today into an account paying 6% interest compounded semiannually. How much interest will have been earned after 25 years?
A.) $3,950.24
B.) $1,312.53
c.) $4,060.69
D.) $20,904.19
E.) $5,260.69
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Finance Growth And Inequality
Authors: Louis-Philippe Rochon, Virginie Monvoisin
1st Edition
1788973682, 978-1788973687
