Find the maturity value and the compound interest if $3,600 is invested at 6% compounded semi- annually for 5 years and 7 months. Round your final answers to 2 decimal places

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asked Oct 10, 2021 60.1k views

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Sunding Wei · Answer 1 · 2021-10-15T20:59:15+0000

Answer:Answer Expert Verified. The Answer is that the present value of $100 is $100. Because this $100 dollar is deposited today so the time is equal to zero and when time is zero the value of amount is the value of amount itself.

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Find the maturity value and the compound interest if $3,600 is invested at 6% compounded semi- annually for 5 years and 7 months. Round your final answers to 2 decimal places

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