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Assuming you meant annual compounding, this means 500 + (500).06 + (500).062 (convergent).

500 + 500(.06) + 500(.06)2 = 500 + 30 + 1.8 = 531.8.

Thus 531.80 is the end value.

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13y ago
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Q: What is 500 compounded for 2 years at 6 percent?
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