Mathematics, 21.05.2020 20:06 bubster5820
When a principal amount, P, is invested at an annual interest rate, r, and compounded n times per year, the amount accumulated in the account after t years can be found with the equation
A=P(1+r/n) ^nt
Javier invested $2,350 in a savings account for 5 years with a rate of 1.75% compounded every six months. In this situation, what is n?
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