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Andy is investing $100,000 and wants to accumulate $125,000. He will earn a return of 6% per annum payable half yearly. How many years will
Andy is investing $100,000 and wants to accumulate $125,000. He will earn a return of 6% per annum payable half yearly. How many years will it take for Andy to save up to $125,000.
The answer is 4 years
I can't get the answer as 4 how?
Formula is S=P(1+i)^n
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