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Social Science1+-|30)Use A-Pto determine the final value of $1200 invested at 9% compoundedsemiannually for 3 vears.
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1+-| 30)Use A-P to determine the final value of $1200 invested at 9% compounded semiannually for 3 vears.
Expert Answer
Given,
And also given that, amount is compounded semiannually.
Therefore, the formula will be
Therefore, by substituting all the give...
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