Question
You placed $9,606 in a savings account today that earns an annual interest rate of 6.68 percent, compounded semiannually. How much will you have in
You placed $9,606 in a savings account today that earns an annual interest rate of 6.68 percent, compounded semiannually. How much will you have in this account at the end of 32 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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Accounting Chapters 1-13
Authors: Carl Warren
27th Edition
1337272108, 978-1337272100
