Question
Interest is compounded semiannually. Find the amount in the account and the interest earned after the given time. Principle Rate of Interest Time $2000 8%
Interest is compounded semiannually. Find the amount in the account and the interest earned after the given time.
Principle Rate of Interest Time
$2000 8% 3 years
The amount in the account is _____ ( Do not round until the final answer. Then round to the nearest cent as needed.)
The interest earned is ___________( Do not round until the final answer. Then round to the nearest cent as needed.)
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Linear Algebra and Its Applications
Authors: David C. Lay
4th edition
321791541, 978-0321388834, 978-0321791542
