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taurus [48]
2 years ago
6

$3000 principal earning 5%, compounded semi-annually, after 20 years.

Mathematics
1 answer:
cricket20 [7]2 years ago
5 0

Answer:

$ 8055.19

Step-by-step explanation:

interest per period   .05 /2 = .025

periods = 20 * 2 = 40 periods

3000 ( 1+.025)^40 =

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