$3000 principal earning 5%, compounded semi-annually, after 20 years.

asked Jul 12, 2023 126k views

11 votes

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9 votes

Answer:

$ 8055.19

Explanation:

interest per period .05 /2 = .025

periods = 20 * 2 = 40 periods

3000 ( 1+.025)^40 =

Chexpir answered Jul 19, 2023

4.2k points

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