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 is it important to be able to break down medical terms into component parts? why not just memorize each term?
Malika charges $7.20 per hour for babysitting.she babysits 4 hours each week.she spends $10 per week and puts the rest of her earnings in a saving account.after
What's two thousand six hundred times twenty one ?
Is forensic evidence the most important type of evidence to present at a trial?
The main purpose of a particle accelerator is to
Why did the American forces win the battle of Trenton
The train station clock runs too fast and gains 7 minutes every 4 days. How many minutes and seconds will it have gained at the end of 10 days
Given that 196k is a perfect cube , find the smallest possible value of k
What is 4 8/9 divided by 2/3 in simplest form?
What k-1/3=5/6 equal ?