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You placed $2,221 in a savings account today that earns an annual interest rate of 13.90 percent, compounded semiannually. How much will you have in
You placed $2,221 in a savings account today that earns an annual interest rate of 13.90 percent, compounded semiannually. How much will you have in this account at the end of 40 years? Assume that all interest received at the end of the period is reinvested the next period. Round the answer to two decimal places
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The Handbook For Investment Committee Members
Authors: Russell L. Olson
1st Edition
0471719781, 978-0471719786
