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:

Communicate

The process of transmitting information, ideas, emotions, skills, or knowledge from one individual or group to another through various means, verbal or non-verbal.

Estrogens

a group of steroid hormones that play a key role in the development and functioning of female reproductive tissues and secondary sexual characteristics.

Peak

The highest point or maximum level of something, often referring to the top of a mountain or the highest level of achievement or performance.

Ovulation

Ovulation is the phase of a female's menstrual cycle during which a mature egg is released from the ovary, making it available for fertilization by sperm.