Question
Question 3(1 point) You placed $2,892 in a savings account today that earns an annual interest rate of 3.43 percent, compounded semiannually. How much will
Question 3(1 point)
You placed $2,892 in a savings account today that earns an annual interest rate of 3.43 percent, compounded semiannually. How much will you have in this account at the end of 2 years? Assume that all interest received at the end of the period is reinvested the next period.
Round the answer to two decimal places.
Your Answer:
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
