Asked by ricky
Twenty years ago Gabe invested $2,000. For the first ten years he earned 13% compounded semi-annually. For the next ten years he earned 8% compounded quarterly. What was the value of the investment now, at the end of the 20 years?
Answers
Answered by
Steve
2000 * (1+.13/2)^(2*10) * (1+.08/4)^(4*10) = 15,560.70
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