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14 June, 10:36

Hannah has deposited $742 in a savings account that earns interest at a rate of 3.9% compounded twice a year. What will the account balance be in 11 years?

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  1. 14 June, 11:35
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    This would be:-

    Balance in 11 years = 742 (1 + (0.039/2)) ^22

    = $1134.81
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