Stewart Valdez
07/27/2024 · Middle School
Use the formula to answer the question: \( A=P\left(1+\frac{r}{n}\right)^{n t} \) Find the balance if \( \$ 27000 \) is invested in an account paying \( 6.5 \% \) interest compounded semi-annually for 7 years. Round your answer to the nearest cent. Do not type the dollar symbol; it is provided for you. The account balance will be \( \$ \)
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The account balance will be $40789.09.
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