danielserrano2306 danielserrano2306
  • 12-02-2021
  • Mathematics
contestada

2) Jack invests $4,325 in a savings account with a fixed annual interest rate of 7%
compounded semi-annually. What will the account balance be after 7 years?

Respuesta :

sharda40
sharda40 sharda40
  • 12-02-2021

Answer:

A=P(1+r/200)^2n

=4325(1+7/200)^14

=4325*1.61869452

=7000

Answer Link

Otras preguntas

how does a octopus make a screen
How do u solve 8x-4y=2 4x-2y=1
Which development helped make the cattle business on the Great Plains profitable? A. Native Americans developed a taste for beef and bought entire herds. B.
What is the reciprocal of 4.5? And after I get the reciprocal how did they get 2 over 9 for the answer?
In the story to build a fire by jack London nature is against the man how would I interpret that into theme?
in the 1920's the sacco and vanzetti case,the red scare, and the activities of the Ku Klux Klan all represent what?
how is the metamorphosis of a salamander different from the metamorphosis of a frog
which statement about the great compromise is accurate
If you bend a straight chain of carbons, do you make a different structure
Teachers, doctors, and lawyers need professional licenses in order to perform their jobs legally. Who has the authority to issue these licenses? School boards C