You placed $6963 in a savings account today that has an annual interest rate of 6.86 percent, compounded semi-annually.
You placed $6963 in a savings account today that has an annual interest rate of 6.86 percent, compounded semi-annually. How much will you have in this account at the end of 38 years? Assume that all interest received at the end of the period is reinvested the next period.
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You placed $6963 in a savings account today that has an annual interest rate of 6.86 percent, compounded semi-annually. How much will you have in this account at the end of 38 years? Assume that all interest received at the end of the period is reinvested the next period.
