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19 January, 07:44

Anthony put $4,000 in a savings account with a fixed interest rate of 4.1% for three years. The interest is compounded semi-annually. How much money will be in the account after three years?

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  1. 19 January, 10:54
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    you would have to multiply 4,000 by. 041 every half a year for three years resulting in approximately $5090.55
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