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Business, 27.12.2019 00:31 leem6

An investment is advertised as returning 5.5% every 6 months (semiannually), compounded semiannually. if $50,000 is invested, the growth can be modeled by the equation a(t) = 50,000(1.055)2t. what is the equivalent annual growth rate for this investment (rounded to the nearest tenth of a percent) and what is it worth (rounded to the nearest ten-thousand dollar) after 20 years?

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An investment is advertised as returning 5.5% every 6 months (semiannually), compounded semiannually...
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