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Please help i am stuck. I wrote the answers for each box to the right... thank you! ps.. CTRL + or - to zoom 16.
Please help i am stuck. I wrote the answers for each box to the right... thank you! ps.. CTRL + or - to zoom
16. Semiannual and other compounding periods Aa Aa Monthly compounding implies that interest is compounded times per year. You have deposited $3,750 into an account that will earn an interest rate of 5% compounded semiannually. How much will you have in this account at the end of eight years? o $5,566.90 O $3,618.49 o $6,680.28 o $3,896.83Step by Step Solution
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