yatzirytrejo305 yatzirytrejo305
  • 18-07-2018
  • Mathematics
contestada

How much will jay investment be worth in eight years if she invested $13,500 at 5.2% in interest compounded semiannually

Respuesta :

wolf1728
wolf1728 wolf1728
  • 25-07-2018

13,500 at 5.2 for 8 years compounded semi-annually.


Total = Principal * (1 + rate/n) ^n * years

where "n" = number of compounding periods per year.


Total = 13,500 * (1 + .052 / 2) ^ 2 * 8


Total = 13,500 * (1.026) ^ 16


Total = 13,500 * 1.5078487226


Total = 20,355.96


Source

1728.com/compint3.htm



Answer Link

Otras preguntas

i giveeeeee brainlilsttt b
Plzzzzzzzzzzzz help..
Who told the family in chapter 14 that Joey is safe?
In ΔXYZ, x = 1.4 cm, z = 2 cm and ∠Z=37°. Find all possible values of ∠X,
10 points 1. Cells need energy for all of life's processes, like active transport, cell division, and even photosynthesis!* O True O False
PLEASE URGENT (quadratic formula with step by step) 35 points!
ALL YOU NEED TO KNOW IS IN THE PIC BELOW
SOMEONE PLS HELP ME QUICK!
What was the Revolution of 1800?
Jade is painting on top of a table. She needs to buy enough paint to cover the top. a) Is she finding the circumference or the area of the table? b) How many sq