If interest is 8% and it is compounded semiannually, and after one year, the total value is $10,816, what was the original investment?

Question

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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Ladonna 3 years 2021-07-31T23:31:36+00:00 1 Answers 5 views 0

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  1. Xavia
    0
    2021-07-31T23:32:49+00:00
    Reply

    $135200

    X * 8% = 10816
    X = 10816/8% = 135200

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