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  3.   a principal of ?$5500 is invested in an account

  A principal of ?$5500 is invested in an account paying an annual rate of 4?%. Find the amount in...

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Question

Basic Math


 

A principal of

?$5500

is invested in an account paying an annual rate of

4?%.

Find the amount in the account after

6

years if the account is compounded? semiannually,quarterly, and monthly.

?(a) The amount in the account after

6 years if the account is compounded semiannually is$

Answer & Explanation Solved by verified expert
4.1 Ratings (644 Votes)
Answer a 697533b 698354 and c 698906Explanation Principal amountP5500 annual interest rater44100004 time t6 yearsLet    See Answer
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