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120$ at the end of every six months 6.5% compounded semiannually 40 years
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120$ at the end of every six months 6.5% compounded semiannually 40 years

User Hydradon
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1 Answer

3 votes

Answer:

$120(1 + .065/2)⁸⁰ = $1,559.19

User Azder
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