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18 February, 13:34

A 6,000.00 principal earns 8% interest, compounded semiannually twice per year after 35 years what is it

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  1. 18 February, 14:20
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    A=p (1+r/k) ^kn

    A future value

    P present value 6000

    R interest rate 0.08

    K compounded semiannual 2

    N time 35years

    A=6,000 * (1+0.08:2) ^ (2*35)

    A=93,429.71
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