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3 years ago

13

If $8,000 is deposited into an account and earns interest at a rate of 2.75% compounded semiannually, how much interest is earne

d after 5 years?

1 answer:

Georgia [21]3 years ago

3 0

Answer: 9162.18

Step-by-step explanation:

8000(1+.0275)^5=9162.18675238

simplify and it is 9162.18

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