18-03-2020
Mathematics

contestada

If $8,000 is deposited into an account and earns interest at a rate of 2.75% compounded semiannually, how much interest is earned after 5 years?

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lizzylife3814 lizzylife3814

23-03-2020

Answer: 9162.18

Step-by-step explanation:

8000(1+.0275)^5=9162.18675238

simplify and it is 9162.18

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