Asked by Me
Find the final amount of money in an account if $ 9 , 300 $ 9 , 300 is deposited at 5 % 5 % interest compounded semi-annually and the money is left for 10 years.
The final amount is $
Round answer to 2 decimal places
What’s the answer?
The final amount is $
Round answer to 2 decimal places
What’s the answer?
Answers
Answered by
oobleck
Just use your formula:
A = P(1 + r/n)^(nt)
A = P(1 + r/n)^(nt)
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