Register

Find the balance in the account. $1,400 principal earning 6%, compounded semi-annually, after 10 years

Find the balance in the account. $1,400 principal earning 6%, compounded semi-annually, after 10 years
asked 201k views
4 votes
Find the balance in the account. $1,400 principal earning 6%, compounded semi-annually, after 10 years

asked
User Rnbguy
by
8.1k points

2 Answers

3 votes

Answer:

$2528.56

Explanation:

answered
User Jaskirat
by
7.2k points
4 votes
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
answered
User Alex Stanovsky
by
8.1k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!