Finance 330 help (FV and PV of a Single Amount Non-Annually)

August 17, 2020/in Business and finance 2 /by admin

(FV and PV of a Single Amount Non-Annually)

You placed $7,420 in a savings account today that earns an annual interest rate of 10.42 percent, compounded semiannually. How much will you have in this account at the end of 22 years? Assume that all interest received at the end of the period is reinvested the next period. Round the answer to two decimal places.

Round the answer to two decimal places.

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Finance 330 help (FV and PV of a Single Amount Non-Annually)

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"Get 15% discount on your first 3 orders with us"
Use the following coupon
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