Question: Suppose that $3225 is invested at 3.1%, compounded semiannually. How much is in the account at the end of 4 years?

Suppose that $3225 is invested at 3.1%, compounded semiannually. How much is in the account at the end of 4 years?

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Since interest is compounded semiannually n 2 Substitute 3225 for P 31 or 00... View full answer

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