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aliya0001 [1]
2 years ago
10

The future value of​ $100 received today and deposited in an account for four years paying semiannual interest of 6 percent is​

________.
Business
1 answer:
jonny [76]2 years ago
4 0
Formula: FV = PV(1+ r)^n

Fv is the future value, Pv is the present value, r is the interest rate, n is the number of periods.

FV = $100(1 + 0.06)^(6*2) = $201.22


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