runnergir1 runnergir1

20-11-2022
Mathematics

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In compound interest, if you have 1000$ at a 8% interest rate compounding semi-annually for 6 years, how would I set up the problem? I have this: (1000)(.08)(.5) … and then i know how to do it 6 times changing the 1000, i’m just confused if I include the .5 for semi-annually

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