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KO A bank features a savings account that has an annual percentage rate of r = compounded semi-annually. Cody deposits $10,000 into the account. 3.1%

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KO A bank features a savings account that has an annual percentage rate of r = compounded semi-annually. Cody deposits $10,000 into the account. 3.1% with interest The account balance can be modeled by the exponential formula $(t) = P(1+)". nt where S is the future value, P is the present value, r is the annual percentage rate, n is the number of times each year that the interest is compounded, and t is the time in years. (A) What values should be used for P, r, and n? PE TE n = (B) How much money will Cody have in the account in 7 years? Answer = $ Round answer to the nearest penny. (C) What is the annual percentage yield (APY) for the savings account? (The APY is the actual or effective annual percentage rate which includes all compounding in the year). APY = %. Round answer to 3 decimal places. Submit

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