An initial invesment of 14000 is appreciated for 11 years in an account that earns 8% interest, compounded semianually. Find the amount of money in the account at the end of the period.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 62SE: Rachael deposits $1500 into a retirement fund each year. The fund earns 8.2% annual interest,...
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An initial invesment of 14000 is appreciated for 11 years in an account that earns 8% interest, compounded semianually. Find the amount of money in the account at the end of the period.
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