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Question
Suppose you put $100 into a savings account today, the account pays a simple annual interest rate of 6 percent, but compounded semiannually, and you withdraw $100 after 6 months. What would your ending balance be 20 years after the initial $100 deposit was made?
a. $226.20
b. $115.35
c. $62.91
d. $9.50
e. $3.00
Answer
This answer is hidden. It contains 259 characters.
Related questions
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Q:
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