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How much would $200 invested at 4% interest compounded every 6 months be worth after 5 years?

How much would $200 invested at 4% interest compounded every 6 months be worth after 5 years?
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How much would $200 invested at 4% interest compounded every 6 months be worth after 5 years?

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User Sapht
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1 Answer

6 votes

200 x 4/100=8

5 x 2=10

8 x 10=80

answered
User Ganesh Bhambarkar
by
8.4k points
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