hereilly10 hereilly10
  • 02-08-2017
  • Mathematics
contestada

$1400 principal earning 6%, compounded semi-annually, after 10 years?

Respuesta :

mathmate
mathmate mathmate
  • 02-08-2017
Assuming future value of the principal is required.

P=1400
i=0.06/2=0.03
n=10*2=20
Future value
=P(1+i)^n
=1400(1.03)^30
=2528.56


Answer Link

Otras preguntas

How many different ways can you group a red apple, a green apple, a tomato, and a banana? (For example , I'll place apples in one group, and non-apples in anoth
a spinner is divided into 8 equal sections. 5 sections are red and 3 are green. if the spinner is spun 3 times, what is the probability that it lands on red exa
How do I Stargaze? Please help :)
what are the 2 properties of enzymes that allow them to act as biological catalysts?
what role did sectionalism play in Lincoln's winning the 1860 election?
solve the formula for the indicated variable  c=yt+y,for t (the solution is t=___)
what are the main sacred text of judaism
The first land battle of the civil war took place near ________, Virginia, on july _ _, 18_ _At this battle, the union army ___________ the confederate army.wha
if a baking tray is 700mm by 600mm, how many of 25cm in diameter can fit into the baking tray?
if a baking tray is 700mm by 600mm, how many of 25cm in diameter can fit into the baking tray?