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our uncle Vernon invests $200 compounding with an APR of 1% every 6 months, andhe does this for five years

Question

our uncle Vernon invests $200 compounding with an APR of 1% every 6 months, andhe does this for five years
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Solution 1

The question seems to be asking for the future value of an investment given certain conditions. Here's how you can calculate it:

Step 1: Identify the variables Principal amount (P) = $200 Annual interest rate (r) = 1% or 0.01 Number of times interest is compounded per year (n) = 2 (since it's every Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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