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If Technology Needs invests $1,200,000 today at 6% annual interest and the money is compounded...

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Question

Accounting

If Technology Needs invests $1,200,000 today at 6% annual interest and the money is compounded semiannually, how much will be in the bank account one year from the date invested?

Select one:

A. $1,273,080

B. $1,397,760

C. $1,296,000

D. $1,272,000

Answer & Explanation Solved by verified expert
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