Plz help me with this. Thank you!
1 answer:
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Answer:
5.50 years
Step-by-step explanation:
A = P
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
3178 = 2000(1+.086/2)^2t
t = 5.499904413