SOLUTION: $600 in a bond that pays 11% interest compounded semiannually. How much money will there be in 5.5 years?

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Question 813910: $600 in a bond that pays 11% interest compounded semiannually. How much money will there be in 5.5 years?
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 
Hi,
In General
A = Accumulated Amount
P= principal = 600
r= annual rate = .11
n= periods per year = 2
t= years =5.5

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