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You deposit $10,000 in an account earning 8% interest, compounded semi-monthly (twice a month). You plan to leave the account untouched for 25 years. How much interest will you earn over the 25 years?

Respuesta :

Answer:

Po=10,000

10,000((1+.05/24)^600=34858.07, but $10000 must be subtracted because it was principal.

Interest is $24,858.07

Step-by-step explanation:

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