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OpenStudy (anonymous):
Jessica deposits $300 into a savings account that pays an annual interest rate of 2%, compounded twice a year. How much money will Jessica have in her account at the end of one year?
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OpenStudy (anonymous):
this compound interest problem a = p (1+r)^nt p = 300 r = .02 n = 2 t=1
OpenStudy (anonymous):
306.03?
OpenStudy (anonymous):
312.12
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