SOLUTION: Suppose that $2000 is invested at a rate of 4.1% compounded semiannually. Assuming that no withdrawals are made, find the total amount after 8 years.

SOLUTION: Suppose that $2000 is invested at a rate of 4.1% compounded semiannually. Assuming that no withdrawals are made, find the total amount after 8 years.

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Question 960615: Suppose that $2000 is invested at a rate of 4.1% compounded semiannually. Assuming that no withdrawals are made, find the total amount after 8 years.
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=2000(1+0.041/2)^(8*24)
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