Question
You have placed $4,395 in a savings account today that earns an annual interest rate of 10.74 percent compounded semiannually. How much will you have
You have placed $4,395 in a savings account today that earns an annual interest rate of 10.74 percent compounded semiannually. How much will you have in this account at the end of 20 years Assume that all interest received at the end of the year is reinvested the next year ?
not sure what equation to use in excel.
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
