Math question Help Needed

User Generated

Ryyrel

Business Finance

Question Description

$1,200 is deposited today in an account paying 6% interest compounded semi-annually. How much interest would have been earned after 25 years?

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Explanation & Answer

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i=prt

i=1200(.06)(25/6)

i=338.4.........................................................................

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ivpxl qnivq (178)
Cornell University

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