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If you were to deposit $1,000 into an account that paid 10 percent interest compounded semiannually, how much money would you have in the account one year from now?
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Feb 17, 2022
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If you were to deposit $1,000 into an account that paid 10 percent interest compounded semiannually, how much money would you have in the account one year from now?
Mathematics
college
Alex Dzeiko
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Semiannual means there will be two total periods in a year. Divide ten percent by two to get the interest rate per period. Then multiple by 1+i twice
Utarid
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Feb 22, 2022
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