Find the amount owed at the end of 4 years if $900 is loaned at a rate 5% compounded semi-annually. $4 (Round answer to 2 decimal places. No commas.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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ISBN:9780079039897
Author:Carter
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Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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Find the amount owed at the end of 4 years if $900 is
loaned at a rate 5% compounded semi-annually.
$4
(Round answer to 2 decimal places. No
commas.)
Transcribed Image Text:Find the amount owed at the end of 4 years if $900 is loaned at a rate 5% compounded semi-annually. $4 (Round answer to 2 decimal places. No commas.)
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