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21 April, 09:42

7. An investment account pays 3.9% interest compounded semi-annually. If

$4,000 is invested in this account, what will the balance be after 12 years?

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  1. 21 April, 10:00
    0
    the balance would be 48000

    Step-by-step explanation:

    First you really dont have to do with the 3.9%

    If 4000 is invested and you need the balance after 12 years you just multiply

    4000 times 12=48000
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