Find how much will be in the account

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 26PS
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Find how much will be in the account
6.8.6
Interest is compounded semianually. Find the amount in the account after the given time.
Principal Rate of Interest
Time
$2000
4%
3 years
The amount in the account is $
(Round to the nearest cent.)
Transcribed Image Text:6.8.6 Interest is compounded semianually. Find the amount in the account after the given time. Principal Rate of Interest Time $2000 4% 3 years The amount in the account is $ (Round to the nearest cent.)
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