Problem on compounded semiannually
Problem: If you invest $9,000 today, how much will you have in 25 years at 14 percent (compounded semiannually)? Please show step by step method (the formula) how you derive at the answer.
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If you invest $9,000 today, how much will you have in 25 years at 14 percent (compounded semiannually)?
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