If $250 is invested at an interest rate of 12% per year, compounded biannually, how much will the investment be worth at the end of eight years? Round your final answer to the nearest hundredths place.

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asked Feb 25, 2021 164k views

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If $250 is invested at an interest rate of 12% per year, compounded biannually, how much will the investment be worth at the end of eight years? Round

your final answer to the nearest hundredths place.
Formula: A = P(1+")nt
n

Mathematics
college

Den Kasyanov asked

by Den Kasyanov

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1 Answer

6 votes

Answer:

2563

Explanation:

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Amit Bakle answered Mar 2, 2021

by Amit Bakle

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