How Long, in Compounding Periods, Will It Take for $3327

question 75

Multiple Choice

How long, in compounding periods, will it take for $3327 to increase by $3799 if you are able to earn 6.2% compounded semi-annually?

• A) 42.95
• B) 24.95
• C) 4.56
• D) 6.45
• E) 4.95

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Definitions:

International Transactions

Financial operations that occur across national borders, involving the exchange of goods, services, or capital between countries.

Intermediary

An entity or person that acts as a mediator or link between parties to facilitate a transaction or agreement.