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If $6700 is invested at 4.6% interest compounded semiannually, how much will the investment be worth in 15 years?
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2 votes
If $6700 is invested at 4.6% interest compounded semiannually, how much will the investment be worth in 15 years?

User RobertoAllende
by
6.2k points

2 Answers

2 votes

Answer:

13,253.90

Explanation:

did test

User Zoinky
by
5.6k points
6 votes
A=p(1+i/m)^mn
A=6,700×(1+0.046÷2)^(2×15)
A=13,253.90
User Kthevar
by
5.4k points
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