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tlic
Questions (5)
What is the future value of $4000 in a bank for 18 years at a annual interest rate of 6% rounded to the nearest cent.
1 answer
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What is the future value of $4000 in a bank for 9 years at 12% compounded bi monthly rounded to the nearest cent.
0 answers
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What is the future value of $4000 in a bank for 9 years at 12% compounded semi annually rounded to the nearest cent.
0 answers
373 views
What is the future value of $4000 in a bank for 9 years at 6% compounded bimonthly
0 answers
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what is the future value of $4000 at 6% compounded semiannually for nine years rounded to the nearest cent?
2 answers
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Answers (1)
That is what I came up with, so when I do my calculation as followed 4000 x 1.03 i get 4120. I understand the ^18 is coming the 2x9, but somehow I'm confused on the next step after my first calculation step.
