Question
You placed $7,236 in a savings account today that earns an annual interest rate of 13.01 percent, compounded semiannually. How much will you have in
You placed $7,236 in a savings account today that earns an annual interest rate of 13.01 percent, compounded semiannually. How much will you have in this account at the end of 21 years? Assume that all interest received at the end of the period is reinvested the next period.
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
7th Edition
0357442040, 978-0357442043
