Question
You placed $8,444 in a savings account today that earns an annual interest rate of 8.99 percent, compounded semiannually. How much will you have in
You placed $8,444 in a savings account today that earns an annual interest rate of 8.99 percent, compounded semiannually. How much will you have in this account at the end of 8 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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Weathering The Storm A Quick Guide To Safeguarding Your Finances During Economic Recession
Authors: Liam Wilhelm
1st Edition
979-8864393628
