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The future value of $200 received today anddeposited at 8 percent compounded semi-annually for three years is.
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27 votes
27 votes
The future value of $200 received today anddeposited at 8 percent compounded semi-annually for three years is.

User Roundcrisis
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1 Answer

26 votes
26 votes

Answer:

$253

Step-by-step explanation:


200(1+(0.08)/(2))^(2(3)) \\200(1.04)^(6) \\200(1.26...)\\=253.06\\\\\\

Use the formula (A=P(1+r/n)^nt

User Acattle
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