You currently have $6,200 (Present Value) in an account that has an interest rate of 8% per year compounded semi-annually (2

Question

You currently have $6,200 (Present Value) in an account that has an interest rate of 8% per year compounded semi-annually (2 times per year). You want to withdraw all your money when it reaches $14,880 (Future Value). In how many years will you be able to withdraw all your money?

Kunduz · Accepted Answer

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