Question

13. Vacation Kate is saving for a vacation in the Bahamas. On January 1,

she invested $750 at 8.2% per annum, Icompounded semi-annually. On
July 1, she invested another $750 at the same rate. How much will she have
from these investments on the next July 1st?

Answer 1

I tried P as the Principle invested: 750, i, as the interest rate per compounding period = 8.2/100 = 0.082 n, number of compounding periods = 2, and t, time is 6 (6 months before July 1 from January 1?) Because I got 1931.03 and it's wrong:

Explanation: