Use Table 11-1 to calculate the compound amount (in $) on an investment of $3,500 at 10% interest, compounded semiannually, for 16 years. (Round your answer to the nearest cent.)
Use Table 11-1 to calculate the compound amount (in $) on an investment of $3,500 at 10% interest, compounded semiannually, for 16 years. (Round your answer to the nearest cent.)
Chapter1: Understanding Personal Finance
Section1.4: Perform Time Value Of Money Calculations
Problem 3CC
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Use Table 11-1 to calculate the compound amount (in $) on an investment of $3,500 at 10% interest, compounded semiannually, for 16 years. (Round your answer to the nearest cent.)
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