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PLEASE HELP THIS IS FOR A FINAL AND WILL BOOST MY GRADE!

Gavin deposited $200 into his savings account that is compounded semi-annually at an interest rate of 9%.

Gavin hoped he would have enough money in 8 years to buy a $400 gaming console for college. Is Gavin

correct? Write and solve an equation, showing your work to justify your answer.

User Xiao
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1 Answer

3 votes

Answer:

The answer is 340 cause if you think about it it's like saying 200 -400 +140

User Eric MC
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