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Interest is compounded semianually. Find the amount in the account after the given time.

Interest is compounded semianually. Find the amount in the account after the given-example-1
User SealCuadrado
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1 Answer

8 votes
8 votes

Answer:

5,630.81$

A = 5000(1 + (0.04 × 3)) = 5600

A = $5,630.81

User Thebringking
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