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QUESTION
$4,395 in a savings account today that earns an annual interest rate of 10.74 percent compounded semiannually.
Need help no sure how to get this equation in excel. $4,395 in a savings account today that earns an annual interest rate of 10.74 percent compounded semiannually. How much will you have in this account at the end of 20 years Assume that all interest received at the end of the year is reinvested the next year
