Asked by jolan
if 450,ooo is invested at 12% compounded semiannually .When will the amount of investment be 477,000?
Answers
Answered by
Damon
450 (1.06)^(2n) = 477
1.06^2n = 1.06
n = 1/2 year
1.06^2n = 1.06
n = 1/2 year
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