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19 June, 07:22

Lea invests $8,333 in a savings account with a fixed annual interest rate of 8% compounded 2 times per year. what will be the balance after 12 years?

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  1. 19 June, 07:42
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    A = P (1 + rt)

    A = 8,333 (1+.08*24)

    A=24332.36
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