SOLUTION: You invest $100,000 in an account with an annual interest rate of 4.5%, compounded semiannually. How much money is in the account after 5 years? Round your answer to the nearest wh

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Question 629589: You invest $100,000 in an account with an annual interest rate of 4.5%, compounded semiannually. How much money is in the account after 5 years? Round your answer to the nearest whole number
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 
Hi,
In General
A = Accumulated Amount
P= principal = $100,000
r= annual rate = .045
n= periods per year = 2
t= years = 5

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