Posted by **Diane** on Monday, May 28, 2012 at 3:57pm.

If $625 is invested in an account that earns annual interest of 5.5%, compounded semiannually, what will the account balance be after 8 years? (Round your answer to the nearest cent.)

- Algebra -
**MathMate**, Monday, May 28, 2012 at 8:52pm
625*(1+0.055/2)^(8*2)

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