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17 March, 12:55

Compounded semiannually, Jake deposited $10,000 into an account that yields an interest rate of 3.5%. He makes no other deposits or withdrawals what is the total amount in the account after 25 years?

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  1. 17 March, 14:19
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    10'000 (1 + [3.5% / 2]) * * 25

    Should give you the answer
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