Find the amount owed at the end of 4 years if $3,000 is loaned at a rate of 7% compounded semiannually (twice a year). $3,932.39 $3,950.43 $5,154.56 $3,442.57

Question

Find the amount owed at the end of 4 years if $3,000 is loaned at a rate of 7% compounded semiannually (twice a year).


`$3,932.39`

`$3,950.43`

`$5,154.56`

`$3,442.57`

Answer 1

Answer: 3,950.43

Quantumbladez0

Is right

Answer 2

3,950.43

Explanation: