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5. Margaret deposits $1,000 in a savings account that pays 5.4% interest compounded semiannually. What is her balance after one year?​

5. Margaret deposits $1,000 in a savings account that pays 5.4% interest compounded semiannually. What is her balance after one year?​
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2 votes
5. Margaret deposits $1,000 in a savings account that pays 5.4% interest compounded

semiannually. What is her balance after one year?​

User Olatunji
by
8.8k points

1 Answer

2 votes

Answer: $1110.92 (rounded up)

User Saintedlama
by
7.8k points
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