Answered

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A depositor opens a new savings account with $9000 at 2% compounded semiannually. At the beginning of year 5, an additional $7000 is deposited. At the end of six
years, what is the balance in the account?

Sagot :

nyarondiakimori

Answer:

16900

Step-by-step explanation:

9000 at 2⁰/0

9000×2over 100⁰/0

=180=2⁰/0

180×5=900

9000+900=9900+7000=16900

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