Gaines invested $11,000 in a money market account with an interest rate of 2.25% compounded semiannually. Three years later,

Question

Gaines invested $11,000 in a money market account with an interest rate of 2.25% compounded semiannually. Three years later, Karen withdrew the full amount
to put toward the down payment on a new house. How much did Karen withdraw from the account?
Karen
Karen withdrew $
(Round to the nearest cent as needed.)

Kunduz · Accepted Answer

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