How much interest would an account earn if 3,000 is invested at an interest rate of 4.8% compounded semiannually for 2 years
1 answer:
(See attached graphic)
Total = 3,000 * (1 + .048/2)^2*2
Total = 3,000 * (1.024)^4
Total = 3,000 *
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1.0995116278
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Total =
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3,298.53</span>
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