If $24,000 is invested in a savings account yielding 6% per year, compounded semiannually, how fast is the balance growing after 2 years? Please enter your answer as a number (in $ per year) without the units. Round your answer to two decimal places.
If $24,000 is invested in a savings account yielding 6% per year, compounded semiannually, how fast is the balance growing after 2 years? Please enter your answer as a number (in $ per year) without the units. Round your answer to two decimal places.
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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If $24,000 is invested in a savings account yielding 6% per year, compounded semiannually, how fast is the balance growing after 2 years?
Please enter your answer as a number (in $ per year) without the units. Round your answer to two decimal places.
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