- P(1+ =)" Lyn invested $7,000 into an investment paying 3% Interest, compounded semi-annually, twice a year). After 5 years, how much would the investment be worth? A= O 88,050.00 O $1, 123.79 O 8, 123.79 O $1,050.00 O $8, 114.92

- P(1+ =)" Lyn invested $7,000 into an investment paying 3% Interest, compounded semi-annually, twice a year). After 5 years, how much would the investment be worth? A= O 88,050.00 O $1, 123.79 O 8, 123.79 O $1,050.00 O $8, 114.92

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter8: Sequences, Series, And Probability

Section8.CR: Chapter Review

Problem 52E: Investment problem If Landon invests 3000 in a 6-year certificate of deposit at the annual rate of...

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Question

L 1 please answer the questions in a ABCD form THANK YOU FOR YOUR HELP!!

O 1. Use a scientific or graphing calculator to solve.
Lyn invested $7,000 into an investment paying 3% Interest, compounded semi-annually, twice a year). After 5 years, how much would the investment be worth? A = P(1+-)
O 88, 050.00
O $1, 123.79
O 8, 123.79
O $1, 050.00
O 88, 114.92

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