Kevin makes an investment of $ 10,000 in a bank for a period of 5 years. The bank pays an annual...

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Kevin makes an investment of $ 10,000 in a bank for a period of 5 years.

The bank pays an annual interest rate of 6%.

How much will he receive at the end of the term if interest is compounded half-yearly.

Round off your answer to the nearest dollar.

    • 12 years ago
    • 5
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