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Homework answers / question archive / Suppose you put $100 into a savings account today, the account pays a nominal annual rate of 6%, but compounded semiannually, and you withdraw $100 after 6 months

Suppose you put $100 into a savings account today, the account pays a nominal annual rate of 6%, but compounded semiannually, and you withdraw $100 after 6 months

Finance

Suppose you put $100 into a savings account today, the account pays a nominal annual rate of 6%, but compounded semiannually, and you withdraw $100 after 6 months. What would your ending balance be 20 years after the initial $100 deposit was made?

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