awsomness5012 awsomness5012

13-11-2020
Mathematics

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$1,400 principal earning 6%, compounded semi-annually, after 10 years

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Nathaniel2861401 Nathaniel2861401

13-11-2020

Answer: $2528.56 is the answer because if you do the problem you should get something like this

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

Plug in the values:

P=1400, r=6/100=0.6,

n=2 and t=10

A=1400(1+.06/2)^2(10)

A=$2528.56

Hope it helped

Yours,

Nathaniel

Step-by-step explanation:

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