How much money must be invested in an account that pays 6, Business Economics

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How much money must be invested in an account that pays 6

How much money must be invested in an account that pays 6% per year interest to be worth $20000 at the end of 8 years of (forgetting the leap years and making "convenient" assumptions) :

A) Interest compounded semi-annually?

B) Interest compounded quartley?

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Business Economics: How much money must be invested in an account that pays 6

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Business Economics: How much money must be invested in an account that pays 6

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