9. Suppose that $20,000 is deposited into an account that earns 4% interest annually. Find the amount in the account after 10 years, if the interest is compounded semi-annually.

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
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Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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9. Suppose that $20,000 is deposited into an account that earns 4% interest
annually. Find the amount in the account after 10 years, if the interest is
compounded semi-annually.
Transcribed Image Text:9. Suppose that $20,000 is deposited into an account that earns 4% interest annually. Find the amount in the account after 10 years, if the interest is compounded semi-annually.
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