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Solnce55 [7]
4 years ago
5

$1400 principal earning 6%, compounded semi-annually, after 10 years?

Mathematics
1 answer:
Alina [70]4 years ago
6 0
Assuming future value of the principal is required.

P=1400
i=0.06/2=0.03
n=10*2=20
Future value
=P(1+i)^n
=1400(1.03)^30
=2528.56


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