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Posted by on Friday, March 9, 2012 at 8:23pm.

Manually calculate the compound interest on an investment of $8500 at 6% interest, compounded semiannually, for 18 mo.

  • business math - , Friday, March 9, 2012 at 8:42pm

    Manually, like with pencil and paper?


    Interest= 3*8500*.03 + 8500*.03^2 + 8500(.03^3)=772.88

    That is a lot of multiplying manually.

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