Omar deposited $4000 into an account with 3.3% interest, compounded semiannually. Assuming that no withdrawals are made, how much will he have in the account after 5 years? Do not round any intermediate

Rensothearin asked Oct 11, 2022

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Rensothearin asked Oct 11, 2022

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13 votes

Answer:

4711.22

Explanation:

$A=P(1+(r)/(n) )^(nt)\\\\A=4000(1+(0.033)/(2)) ^(2*5)\\\\A=4711.22$

Rui Botelho answered Oct 16, 2022

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