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You invest $720 in an account that has an annual interest rate of 6.2%, compounded semiannually. How much money will be in the account after 5 years? Round your answer to the nearest whole number and include
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You invest $720 in an account that has an annual interest rate of 6.2%, compounded semiannually. How much money will be in the account after 5 years? Round your answer to the nearest whole number and include units.

User FFirmenich
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2 Answers

5 votes
$930 is the answer
...............
User Stepan Mazurov
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7.6k points
5 votes

Answer:

$929.66

Step-by-step explanation: I hope this helps

You would have to estimate this to about 930 if to the nearest integer. <3

User Sanjay Shah
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