Question: Find how much money will be in the account after the given number of years at the given rate of compound interest Principal 7000 Rate

Find how much money will be in the account after the given number of years at the given rate of compound interest Principal 7000 Rate 4 compounded semiannually Time 4 years Use one of the formulas below to solve the problem Future Value A P 1 nxt Present Value P 7577 03 9579 98 8201 62 8189 01 nxt

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