an annual interest rate of 4.3% per year, compounded semi- annually. How much money will be in the account after 10 years? Round your answer to the nearest penny. How long will take for the investment to double? years. Round to two decimal place.

Intermediate Algebra
19th Edition
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Author:Lynn Marecek
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Chapter10: Exponential And Logarithmic Functions
Section10.2: Evaluate And Graph Exponential Functions
Problem 10.32TI: Allan invested $10,000 in a mutual fund. If the interest rate is 5%, how much will be in the account...
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Suppose $2,000 is invested in an account with an annual interest rate of 4.3% per year, compounded semi-
annually.
How much money will be in the account after 10 years?
Round your answer to the nearest penny.
How long will take for the investment to double?
years. Round to two decimal place.
Transcribed Image Text:Suppose $2,000 is invested in an account with an annual interest rate of 4.3% per year, compounded semi- annually. How much money will be in the account after 10 years? Round your answer to the nearest penny. How long will take for the investment to double? years. Round to two decimal place.
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