Interest on the investment is compounded semi annually

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Reference no: EM13825934

Use a financial calculator or computer software program to answer the following questions.

A. What would be the future value of $19,378 invested now if the money remains deposited for eight years, the annual interest rate is 18 percent, and interest on the investment is compounded semi annually?

B. How would your answer for (a) change if quarterly compounding were used?

Reference no: EM13825934

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