Essay
Two years after Sean deposited $5000 in a savings account that earned interest at 6% compounded monthly, the rate of interest was changed to 6.4% compounded semi-annually. How much was in the account fifteen years after the deposit was made?
Correct Answer:
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Balance after 2 years
FV = 500...View Answer
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Correct Answer:
Verified
FV = 500...
View Answer
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