nataliav676 nataliav676
  • 03-05-2022
  • Mathematics
contestada

$3000 principal earning 5%, compounded semi-annually, after 20 years.

Respuesta :

jsimpson11000 jsimpson11000
  • 05-05-2022

Answer:

$ 8055.19

Step-by-step explanation:

interest per period   .05 /2 = .025

periods = 20 * 2 = 40 periods

3000 ( 1+.025)^40 =

Answer Link

Otras preguntas

Why did populations soar between 1800 and 1900?
Why did populations soar between 1800 and 1900?
What's another name for vital signs?
The decline in medieval trade was caused by
Write an equation for a non-vertical line that contains the point ( 2,-4 )
What is the slope of (2,3) , (6,7)
What does imagery mean
how could you compare the energy carried in two different longitudinal waves
2 friends want to equally share 4/3 feet of rope.What length of rope should ea friend get?
What is bigger fraction, 5/6 or 6/7