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13 November, 06:06

Marilee takes all the money from her piggy bank and puts it into a savings account at her local bank. The bank promises an annual interest rate of 2.5% on the balance, compounded semiannually. How much will she have after one year if her initial deposit was $400?

A) $390.06

B) $420.25

C) $410.06

D) $420.50

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Answers (1)
  1. 13 November, 07:32
    0
    The answer is c if you need explaination i can give it
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