Find the accumulated amount A if the principal, P = $3700 is invested at the interest rate r = 7%/year for t = 12.5 years compounded semiannually. Round your answers to two decimal places.
a. The accumulated amount is $8544.01.
b. The accumulated amount is $8592.56.
c. The accumulated amount is $8,744.01.
d. The accumulated amount is $8644.01.
e. The accumulated amount is $8509.62.
Thank you
2 answers
3700(1 + .07/2)^(2*12.5) = ?
$8744.1
1 answer