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OpenStudy (anonymous):
You invest $720 in an account that has an annual interest rate of 6.2%, compounded semiannually. How much money will be in the account after 5 years?
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OpenStudy (anonymous):
\[A=P(1+\frac{r}{n})^{nt}\] P=720 r=6.2%=.062 n=2 t=5
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