SOLUTION: I have a principal of $50,000 with an interest rate of 6% compounded semi-annually. How much money will I have after 6 years
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Question 286965: I have a principal of $50,000 with an interest rate of 6% compounded semi-annually. How much money will I have after 6 years
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
50,000(1+.06/2)^6*2
50,000*1.03^12
50,000*1.42576=$71,288.04 ans.
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