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Mathematics 15 Online
OpenStudy (anonymous):

Write a sequence that represents the amount of money that will accumulate if $5000 is invested at 6% per year, compounded semi-annually. Determine tn. In this case, what does n represent?

OpenStudy (anonymous):

\[5000(1.03)^{2t}\] where \(t\) is time in years

OpenStudy (anonymous):

but I don't understand what the n stands for?

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