asked 86.4k views
5 votes
120$ at the end of every six months 6.5% compounded semiannually 40 years

asked
User Hydradon
by
7.6k points

1 Answer

3 votes

Answer:

$120(1 + .065/2)⁸⁰ = $1,559.19

answered
User Azder
by
7.7k points
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