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## anonymous 2 years ago Use the compound interest formula, Alexia has $4864.77 in her money market account currently. If the annual interest rate is 3.9%, and the interest is compounded twice per year, how much money will be in her account after 2 years? A.$4,149.57 B. $5,244.22 C.$5,255.47 D. \$15,733.31

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1. anonymous

@texaschic101 can you help me again??

2. anonymous

@noneyabusiness can you help me??

3. anonymous

@uri can you help me??

4. anonymous

@Xan can you help me??

5. anonymous

@Pianolover03

6. anonymous

Your equation is $A = 4864.77(1 + \frac{ 0.039 }{ 2 })\ ^{\left( 2 \times 2 \right)}$ Can you solve it?

7. anonymous

$A = 4864.77(1 + \frac{ 0.039 }{ 2 })^{\left( 2 \times 2 \right)}$ $A = 4864.77(1 + 0.0195)^{\left( 4\right)}$ $A = 4864.77(1.0195)^{\left( 4\right)}$ $A = 4864.77(1.0803113)$ $A = 5255.466$ $A = 5255.47$ So your answer is C.

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