If you deposit $20,000 today in an account at a quoted rate of 16% a year, compounded semiannually, how much will you have in the account at the end of five years if you make no
Withdrawals?
A)$29,386
B)$43,822
C)$42,007
D)none of the above

Question

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The Answer of If you deposit $20,000 today in an account at a quoted rate of 16% a year, compounded semiannually, how much will you have in the account at the end of five years if you make no
Withdrawals?
A)$29,386
B)$43,822
C)$42,007
D)none of the above

If You Deposit $20,000 Today in an Account at a Quoted