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Inga [223]
2 years ago
13

If you were to deposit $1,000 into an account that paid 10 percent interest compounded semiannually, how much money would you ha

ve in the account one year from now?
Mathematics
1 answer:
dexar [7]2 years ago
6 0
Semiannual means there will be two total periods in a year. Divide ten percent by two to get the interest rate per period. Then multiple by 1+i twice

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