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If interest is 8% and it is compounded semiannually, and after one year, the total value is $10,816, what was the original investment?
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If interest is 8% and it is compounded semiannually, and after one year, the total value is $10,816, what was the original investment?
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Mathematics
3 years
2021-07-31T23:31:36+00:00
2021-07-31T23:31:36+00:00 1 Answers
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$135200
X * 8% = 10816
X = 10816/8% = 135200