hereilly10 hereilly10
  • 02-08-2017
  • Mathematics
contestada

$1400 principal earning 6%, compounded semi-annually, after 10 years?

Respuesta :

mathmate
mathmate mathmate
  • 02-08-2017
Assuming future value of the principal is required.

P=1400
i=0.06/2=0.03
n=10*2=20
Future value
=P(1+i)^n
=1400(1.03)^30
=2528.56


Answer Link

Otras preguntas

God is a _____ because he thinks, speaks, and loves_______________________ A Person, B Story, C Angel
Where did most of the fighting occur after the Battle of Saratoga? A) in the North B) in the South C) in the East D) in the West
What part of the atom is involved in chemical bonding with other atoms?
WILL UPVOTE. NEED HELP ASAP The primary difference in a direct democracy and indirect democracy is that in an indirect democracy ___. Question 5 options: the
which areas of Greenland are not covered in ice??? 1.Canadian shield 2.Coastal regions 3.Peary Ocean 4.Qaanaaq
How do men's rights differ from women's rights issues?
Daniel read 3 books in 2.5 weeks. Which rate represents this situation? A) 3 books, 7.5 weeks B) 7.5 books, 3 weeks C) 3 books, 2.5 weeks D) 2.5 books, 3 weeks
what is the minimum value of the function g(x)=x^2 - 6x-12
what is £56 in the ratio 1:3:4
Where do I start from this question I'm confused