Tian opened a saving account on January 1st with a deposite of $150. The following July 1st, January 1st, and July 1st, he made 3 more deposits of $150 each. The account paid interest at 3.75% per annum, compounded semi-annually. a) What amount did Tian have in his account at the end of the second year? b) How much interest did Tian earn by the end of the second year?

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Do it in segments remember that there are 12 months in a year. n=2

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