Math, asked by Anonymous, 4 months ago

If a credit union awards interest of 7 percent per year compounded semiannually, what
amount must be deposited today in order to accumulate $20,000 after 10 years? How
much interest will be earned during these 10 years?

Answers

Answered by liyaqathahmed638

Step-by-step explanation:

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If a credit union awards interest of 7 percent per year compounded semiannually, what amount must be deposited today in order to accumulate $20,000 after 10 years? How much interest will be earned during these 10 years?

Answers

If a credit union awards interest of 7 percent per year compounded semiannually, what
amount must be deposited today in order to accumulate $20,000 after 10 years? How
much interest will be earned during these 10 years?