Interest received at the end of the period, Finance Basics

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Interest received at the end of the period

You placed $3,711 in a savings account today which earns an annual interest rate of 15.15 percent, compounded semiannually. How much will you've in this account at the end of 8 years? Suppose that all interest received at the end of the period is reinvested next period.

Round the answer to two decimal places.

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Finance Basics: Interest received at the end of the period

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Recent Questions Asked Finance Basics

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Interest received at the end of the period

Reference No:- TGS0875697

Recent Questions Asked Finance Basics

Q : Limitations prevent the forecasts

Q : Determine the equivalent rate

Q : Determine the annual percentage rate

Q : Small refrigerators for month

Q : Interest received at the end of the period

Q : Determine the accumulated sum

Q : Year-end deposits in savings account

Q : Find out the present value

Q : Explain the present value

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