Anonymous
Anonymous asked in Science & MathematicsMathematics · 1 decade ago

A person invests $1875.00 at 6% compounded semiannually ........?

A person invests $1875.00 at 6% compounded semiannually on October 1, 1998. If simple interest is allowed for part of an interest conversion period,

how much is the investment worth June 1, 2002?

1 Answer

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  • Irv S
    Lv 7
    1 decade ago
    Favorite Answer

    Hint: Just remember that the period doesn't end till June 30.

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