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Tracy Invested $6000\$ 6000 At an Interest Rate Of 3%3 \% For 2 Years, Where the Interest Was Compounded Semiannually

Question 9

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Tracy invested $6000\$ 6000 at an interest rate of 3%3 \% for 2 years, where the interest was compounded semiannually. If A=P(1+rn) ntA = P \left( 1 + \frac { r } { n } \right) ^ { n t } calculate the accumulated amount.


A) $636.82
B) $12,736.36
C) $6,368.18
D) $25,472.73

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