Solution-How much will you have in the account at the end

How much will you have in the account at the end of year

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FV and PV of a Single Amount Non-Annually

You placed $7,420 in a savings account today that earns an annual interest rate of 10.42 percent, compounded semiannually. How much will you have in this account at the end of 22 years? Assume that all interest received at the end of the period is reinvested the next period. Round the answer to two decimal places.

Reference no: EM131369328

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How much will you have in the account at the end of year

Reference no: EM131369328

Reference no: EM131369328

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