Question
what is the total investment of 18,000 at 9% compounded semiannually for 6 years
Answers
R_scott
12 compoundings (two per year)
4.5% per compounding
A = 18000 (1 + .045)^12
4.5% per compounding
A = 18000 (1 + .045)^12
Ch]]L
$30,703.80