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OpenStudy (anonymous):
Determine tn. In this case, what does n represent?
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OpenStudy (anonymous):
As I recall there is a formula for compound interest. Find that and just plugin.
OpenStudy (dumbcow):
\[=5000(1+.06/2)^{2t}\]
OpenStudy (experimentx):
Amount = Principal * (1+(r/2)*1/100)^(2t) note that r is divided by 2 and time is multiplied by 2, since it is compounded semi annually.
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