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5750 is compounded semiannually at a rate of 12% for 15 years
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5750 is compounded semiannually at a rate of 12% for 15 years

5750 is compounded semiannually at a rate of 12% for 15 years-example-1
User Jeta
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Total = 5,750 * (1 + .12/2)^15*2

Total = 5,750 * (1 + .06)^30

Total = 5,750 * 5.7434911729

Total = 33,025.07


5750 is compounded semiannually at a rate of 12% for 15 years-example-1
User James Khoo
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