Question
A company deposits $10,000 in a bank at the beginning of each year for 20 years. The account earns 4% interest, compounded every 6 months.
A company deposits $10,000 in a bank at the beginning of each year for 20 years. The account earns 4% interest, compounded every 6 months. What is in the account at the end of 20 years?
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Business A Changing World
Authors: O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
10th edition
1259179397, 978-1259179396
