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OpenStudy (anonymous):
manually calculate the compound interest on an investment of $7,500 at 6% interest, compound semiannually, for 1 year. a. $ 456.75 b. $ 7,956.75 c. $ 7,950.00 d. $450.00
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OpenStudy (anonymous):
(7500)(1.03)^2 - 7500 = compound interest for the year
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