If you deposit $300 into an account twice a year that pays 2.8% interest compounded semiannually,...

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If you deposit $300 into an account twice a year that pays 2.8% interest compounded semiannually, how much will you have in the account after 8 years? Identify your variables: PMT 300 T= 0.028 n = 2 = 8 Which is a correct formula for solving this problem? OI = Prt OPMT=A (1+) m² - 1 nt OA = Pert (1+)" OA = PMT OPMT=P r 1 - (1 + 1/2/3) - nt -b±√√√b2-4ac 2a OA = P(1+)" Solve for the amount of money in the account: $ > Next Question - OP-PMT (1+1) -nt 71 If you deposit $300 into an account twice a year that pays 2.8% interest compounded semiannually, how much will you have in the account after 8 years? Identify your variables: PMT 300 T= 0.028 n = 2 = 8 Which is a correct formula for solving this problem? OI = Prt OPMT=A (1+) m² - 1 nt OA = Pert (1+)" OA = PMT OPMT=P r 1 - (1 + 1/2/3) - nt -b±√√√b2-4ac 2a OA = P(1+)" Solve for the amount of money in the account: $ > Next Question - OP-PMT (1+1) -nt 71

Answer rating: 100% (QA)

Absolutely youve identified the variables correctly PMT 300 semiannual deposit T 0028 int... View the full answer