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How much interest is earned in 6 years on $8500 deposited in an account paying 7% interest, compounded semiannually?
3 years ago

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Answered by oobleck
final balance: 8500(1 + 0.07/2)^(2*6) = 12844.08
so the interest is 12844.08 - 8500 = _____
3 years ago
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How much interest is earned in 6 years on $8500 deposited in an account paying 7% interest, compounded semiannually?

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