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

A bakery sold 111 cupcakes in one day. The head baker predicted he would sell 91 cupcakes that day. What was the percent error of the baker's prediction? 18.02%
Solve each system of linear equations by substitution. 3x - 2y = 9 y = 2x - 7 Pease show all steps
what did stone age people wear?
Near the surface of the earth what is the magnitude and direction of the acceleration due to gravity?
Why were the Palmer Raids seen as a violation against civil liberties?
The word equation for the reaction between magnesium carbonate and hydrochloric acid is shown below. magnesium carbonate + hydrochloric acid = magnesium chlori
Near the surface of the earth what is the magnitude and direction of the acceleration due to gravity?
6(-2.3x-5)+(4x+11)= what is the answer
Barnacles and whales have a commensalistic relationship in which barnacles benefit. What would most likely happen to the whale population if the barnacle popula
What is 3/5 minus 1/4?