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  3. suppose that $2000 is invested at a rate of 4.7%,

Suppose that $2000 is invested at a rate of 4.7%, compounded semiannually. Assuming that no...

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Basic Math

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Suppose that $2000 is invested at a rate of 4.7%, compounded semiannually. Assuming that no withdrawals are made, find the total amount after 8 years. Do not round any intermediate computations, and round your answer to the nearest cent.

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