Question
$5,000 compounded semiannually at 6% for 5 years
Answers
renee
p:5000 R:6% or 0.06 n:2 t:5 A:?
nt:10 r= 6%/2=3%
A=5000(1+0.03)^10= $6,719.58 (THIS AMOUNT IS UR BALANCE AFTER INTEREST IF YOU WANT TO GET THE INTEREST AMOUNT THIS IS THE ANSWER: 6719.58-5000= $1719.58 )
nt:10 r= 6%/2=3%
A=5000(1+0.03)^10= $6,719.58 (THIS AMOUNT IS UR BALANCE AFTER INTEREST IF YOU WANT TO GET THE INTEREST AMOUNT THIS IS THE ANSWER: 6719.58-5000= $1719.58 )