document.write( "Question 690128: Rhonda deposits $5,600 in a savings account that pays 2 1/2% interest,compounded semiannually.\r
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document.write( "A.how much interest does the account earn in the first six months?\r
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document.write( "B.what is the ending balance after six months ?\r
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document.write( "C. How much interest does the account earn in the second six months?\r
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document.write( "D.what is the balance after one year ?\r
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document.write( "E.how much interest does the account earn the first year?\r
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Algebra.Com's Answer #426173 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! A) \n" ); document.write( "I=Prt \n" ); document.write( "I=5600*0.025*0.5 \n" ); document.write( "I=$70 \n" ); document.write( "B) \n" ); document.write( "$5600+705670 \n" ); document.write( "C) \n" ); document.write( "A=5600(1+0.025/2)^2 \n" ); document.write( "A=5600(1.0125)^2 \n" ); document.write( "A=5600*1.02515625 \n" ); document.write( "A=5740.88 \n" ); document.write( "Interest for year=140.88 \n" ); document.write( "140.88-70=$70.88 \n" ); document.write( "D) \n" ); document.write( "$5740.88 \n" ); document.write( "E) \n" ); document.write( "$140.88 \n" ); document.write( " |