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13 June, 23:19

If $6700 is invested at 4.6% interest compounded semiannually, how much will the investment be worth in 15 years?

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  1. 13 June, 23:23
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    A=p (1+i/m) ^mn

    A=6,700 * (1+0.046:2) ^ (2*15)

    A=13,253.90
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