How many periods would it take for the deposit to grow, Accounting Basics

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How many periods would it take for the deposit to grow

Use the following information to answer the following question(s).A Max, Inc. deposited $2,000 in a bank account that pays 12% interest annually.How many periods would it take for the deposit to grow to $6,798 if the interest is compounded semiannually? Answer 17 19 21 25?

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Accounting Basics: How many periods would it take for the deposit to grow

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Accounting Basics: How many periods would it take for the deposit to grow

Reference No:- TGS0670284

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What will the population be ten years from now

Q : Brarin corporation is a small wholesaler of gourmet

Q : Simple annual interest cost of factors loan

Q : Write down the yield on aaa-rated bonds

Q : How many periods would it take for the deposit to grow

Q : What would be the total combined direct labor cost

Q : Demerit of a private placement sale

Q : Three insurance settlement offers

Q : The amount of cash needed to be borrowed

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How many periods would it take for the deposit to grow

Reference No:- TGS0670284

Recent Questions Asked Accounting Basics

Q : What will the population be ten years from now

Q : Brarin corporation is a small wholesaler of gourmet

Q : Simple annual interest cost of factors loan

Q : Write down the yield on aaa-rated bonds

Q : How many periods would it take for the deposit to grow

Q : What would be the total combined direct labor cost

Q : Demerit of a private placement sale

Q : Three insurance settlement offers

Q : The amount of cash needed to be borrowed

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