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How much money will be in an account at the end of 8 years if $4,000 is deposited at 4% interest compounded 2 times per year? Assume no deposits or withdrawals are
made.
There will be about in the account at the end of 8 years.
(Round to the nearest dollar as needed.)

Respuesta :

GautamSaharan

Answer:

$6560

Step-by-step explanation:

interest per year =4+4%=8%

interest in 8 years = 8×8% =64%

Money in account after 8 years= 100%+64%=164% of deposit

=164/100×4000

=$6560

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