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You place $5,000 in a savings account earning 3% interest compounded annually. How much will you have at the end of four years? How much would you have at the end of four years if interest is compounded semiannually?
Weegy: compounded annually you will get $20918.135, is semiannually you will get $20454.517. (More)
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Asked 4/7/2013 8:30:35 PM
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You place $5,000 in a savings account earning 3% interest compounded annually. How much will you have at the end of four years? How much would you have at the end of four years if interest is compounded semiannually?
Weegy: $5000 x 1.025(2.5%)^4(years) =5519.06445312 $5519.06 rounded User: You place $5,000 in a savings account earning 3% interest compounded annually. How much will you have at the end of four years? How much would you have at the end of four years if interest is compounded semiannually? Weegy: the answer is $20918.135. (More)
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Asked 4/7/2013 8:25:21 PM
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