Interest is compounded semianually. Find the amount in the account after the given time.Principal Rate of Interest Time$40007%3 yearsThe amount in the account is $(Round to the nearest cent.)

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Answered: Interest is compounded semianually.…

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

ChapterCSR: Contents Of Student Resources

Section: Chapter Questions

Problem 7.36EP

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Interest is compounded semianually. Find the amount in the account after the given time. Principal Rate of Interest Time $4000 7% 3 years The amount in the account is $ (Round to the nearest cent.)