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Posted by on Wednesday, November 7, 2012 at 4:22pm.

How much money would you have to invest at 8% compounded semiannually so that the total investment has a value of $2,280 after one year?

  • College Algebra - , Wednesday, November 7, 2012 at 5:15pm

    P(1 + .08/2)^(2*1) = 2280
    P = 2108.00

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