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What effect it will give on receiving amount

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Mr Ali has retired from his company and received her gratuity fund amounted to $400,000. What amount he will receive for the next 12 years if he invested the fund at the rate 6% compounded semi-annually.

If the receiving amount time period is changed from 12 years to 14 years. What effect it will give on receiving amount. Give your answer in not more than three sentences.

Reference no: EM132543986

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