Question

Need Help, (Show your work.)

I don't understand this. ​

Answer 1

A = 1577.72

Explanation:

Put each of the given values in place of the corresponding variable. Use a calculator to evaluate the expression.

`A=P\left(1+(r)/(n)\right)^(nt)\\\\A=650\left(1+(.06)/(2)\right)^(2\cdot15)\\\\A=650(1.03^(30))\approx650(2.427262)\\\\A=1577.72`