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Got a question about PRT.....?

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aMY DEPOSITED $600.00 into an account that pays 7% intrest compounded semiannualy. find the balanceafter 5 yrs

A.$846.36

B.12,063.93

C.32,480.00

D.1,928.16

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  1. A = P(1+r/n)^(nt)

    n = 2 for semiannualy

    A = 600(1+ 0.07/2)^(2*5years)

    A = $846.36

    A.$846.36

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