To compare investments, analysts convert monthly, quarterly, semiannual rates to annual rates. If an investment of $100,000 is invested at 4.5% twice a year, compounded semiannually, the growth can be modeled by the equation A(t) = 100,000(1.045)2t. What is the equivalent annual growth rate for this investment (rounded to the nearest hundredth of a percent) and what is it worth (rounded to the nearest thousand dollar) after 15 years?

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@563blackghost

No I tried but man I just don't get it

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