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Find the accumulated value of an investment of $20,000 at 12% compounded semiannually for 8 years.

Find the accumulated value of an investment of $20,000 at 12% compounded semiannually for 8 years.
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11 votes
Find the accumulated value of an investment of $20,000 at 12% compounded semiannually for 8 years.

User Oscar Mateu
by
7.3k points

1 Answer

11 votes
$32000 is the correct answer...
User Navarq
by
8.0k points
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