<PRE><B>Question 316657</B>
How much money will there be in the account after the given number of years for the following: P= $3000, R= 5% COMPOUNDED SEMIANNUALLY,t=5 years
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A(t) = P(1+(r/n))^(nt)
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A(5) = 3000*(1+(0.05/2))^(2*5)
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A(5) = $3840.25
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Cheers,
Stan H.
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