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Lisa Richter deposited $5,000 at 4% compounded semiannually for three years. At the beginning of the fourth year, Lisa deposited $2,500. What would her balance be at the end of five years assuming she is still earning 4% compounded semiannually?

$5,131
$8,131
$8,800
$8,800.99
None of these

User Dorota
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1 Answer

6 votes
I suppose it is the fourth one I'm sorry if I'm wrong

User JonathanC
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