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    Contemporary Business Mathematics Study Set 1
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    Exam 9: Compound Interest - Future Value and Present Value
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    What Sum of Money Invested at 5
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What Sum of Money Invested at 5

Question 114

Question 114

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What sum of money invested at 5.95% p.a., compounded semi-annually, will grow to $28 000.00 in 19.5 years?

Correct Answer:

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FV = 28000.00; i = 2...

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