Essay
Six years after Ellen deposited $4500 in a savings account that earned interest at 4.68% compounded monthly, the rate of interest was changed to 6.4% compounded semi-annually. How much was in the account thirteen years after the deposit was made?
Correct Answer:
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Balance after 6 years
FV = 450...View Answer
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Correct Answer:
Verified
FV = 450...
View Answer
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