Diane borrowed 8000 at a rate of 7%, compounded semiannually. Assuming she makes no payments, how much will she owe after 6 years? Do not round any intermediate computations, and round your answer to the

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asked Aug 4, 2021 97.0k views

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Diane borrowed 8000 at a rate of 7%, compounded semiannually. Assuming she makes no payments, how much will she owe after 6 years?

Do not round any intermediate computations, and round your answer to the nearest cent.

Mathematics
college

Veight Zhou asked

by Veight Zhou

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Answer: $12088.55

Explanation:

A = p(1+r/n)^nt

A = 8000(1+0.07/2)^2*6

A = 12088.54926

Ijmarshall answered Aug 9, 2021

by Ijmarshall

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