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P=$1200,r=7%,compounded semiannually,t=12 years
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4 votes
P=$1200,r=7%,compounded semiannually,t=12 years

User Harshal Valanda
by
7.6k points

1 Answer

6 votes

Answer:

$2739.99

Explanation:

F = P(1 + r/n)^(nt)

F = 1200(1 + 0.07/2)^(2 × 12)

F = 2739.99

Answer: $2739.99

User Olivierlemasle
by
8.5k points
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