Register

Find the balance in the account. $1,400 principal earning 6%, compounded semi-annually, after 10 years

Find the balance in the account. $1,400 principal earning 6%, compounded semi-annually, after 10 years
201k views
4 votes
Find the balance in the account. $1,400 principal earning 6%, compounded semi-annually, after 10 years

User Rnbguy
by
8.1k points

2 Answers

3 votes

Answer:

$2528.56

Explanation:

User Jaskirat
by
7.2k points
4 votes
A=P(1+r/n)^nt
Plug in the values:
P=1400, r=6/100=0.6,
n=2 and t=10
A=1400(1+.06/2)^2(10)
A=$2528.56
User Alex Stanovsky
by
8.1k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!