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Can someone do this question on a spreadsheet? You put $100 in a bank for a fixed two-year term. The interest rate on the loan
Can someone do this question on a spreadsheet?
You put $100 in a bank for a fixed two-year term. The interest rate on the loan is 8% per annum, compounded semi-annually. Because the term is fixed, you are not allowed to withdraw the interest at any point before maturity. What is the amount of interest earned in the final half-year of the term? (Keep four decimal points, e.g., 12.3456)
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