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A bank features a savings account that has an annual percentage rate of 5.4 % with interest compounded semiannually. Chelsea deposits $7,500 into the account.
A bank features a savings account that has an annual percentage rate of 5.4 % with interest compounded semiannually. Chelsea deposits $7,500 into the account. How much money will Chelsea have in the account in 1 year? Round answer to the nearest penny. Answer = S What is the annual percentage yield (APY) for the savings account? APY %. Round to the nearest hundredth of a percent.
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