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A 1,600.00 principal earns 7% interest compounded semiannually twice per year' after 33 years what is the balance in the account?

A 1,600.00 principal earns 7% interest compounded semiannually twice per year' after 33 years what is the balance in the account?
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A 1,600.00 principal earns 7% interest compounded semiannually twice per year' after 33 years what is the balance in the account?

User Eaglefreeman
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1 Answer

3 votes
A=1600(1+0.07/2)^(2*33)=15,494.7
User Jiloc
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