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Find accumulated value of an investment of 18000 at 8% compounded semiannually for 7 years

Find accumulated value of an investment of 18000 at 8% compounded semiannually for 7 years
asked 150k views
4 votes
Find accumulated value of an investment of 18000 at 8% compounded semiannually for 7 years

asked
User Shayanmalinda
by
7.3k points

1 Answer

4 votes

Answer:

31170.18

Explanation:

Given:

P = 18000

r = 8% = 0.08

n = 2

t = 7


\boxed{A=P(1+(r)/(n))^(nt) }


A=18000(1+(0.08)/(2) )^((2*7))


=31170.18

answered
User Marat Khasanov
by
7.8k points
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