Question

Find accumulated value of an investment of 18000 at 8% compounded semiannually for 7 years

Answer 1

31170.18

Explanation:

Given:

P = 18000

r = 8% = 0.08

n = 2

t = 7

`\boxed{A=P(1+(r)/(n))^(nt) }`

`A=18000(1+(0.08)/(2) )^((2*7))`

`=31170.18`