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easy · GMAT Quantitative Reasoning

A principal of $4,000 is invested at an annual interest rate of 6%, compounded semi-annually, for one year.

What is the total balance in the account after one year?

  1. $4,247.20
  2. $4,240
  3. $4,243.60
  4. $4,480
  5. $4,360

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