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27 September, 21:43

Alex wants to have $3000 in his bank account after 4 years. If the account earns 6% interest compounded 2 times per year, how much should he put in? Round to the nearest cent. A. $2863.32 B. $2238.36 C. $2633.82 D. $2368.23

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  1. 27 September, 21:46
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    3,000: (1+0.06:2) ^ (2*4)

    =2,368.23
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