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7 October, 16:49

Find how much money will be in the account after the given number of years. (Assume 360 days in a year) & his interest

Principal: $10,000

Rate: 6%

Compounded: semiannually

Time: 3 Years

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Answers (2)
  1. 7 October, 16:55
    0
    When you multiply $10,000, 0.06 2 and 3 you get the answer of $3,600 earned over that period of time
  2. 7 October, 17:04
    0
    I think the answer would be $11,352
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