nataliav676 nataliav676
  • 03-05-2022
  • Mathematics
contestada

$3000 principal earning 5%, compounded semi-annually, after 20 years.

Respuesta :

jsimpson11000 jsimpson11000
  • 05-05-2022

Answer:

$ 8055.19

Step-by-step explanation:

interest per period   .05 /2 = .025

periods = 20 * 2 = 40 periods

3000 ( 1+.025)^40 =

Answer Link

Otras preguntas

The tropical climate zone is in which two states?
What is one fact about xuchal
in what situation does friction make an object change its shape
what group was successful in achieving its goals at the congress of vienna , nationalists conservatists liberals or anarchists?
Consider the relation {(–4, 3), (–1, 0), (0, –2), (2, 1), (4, 3)}.Graph the relation.State the domain of the relation.State the range of the relation.Is
Wanda, the Channel 1 weather person, said there was a 30% chance of rain on Saturday and a 30% chance of rain on Sunday. Should Wanda be fired? HELP PLEASE
Consider the relation {(–4, 3), (–1, 0), (0, –2), (2, 1), (4, 3)}.Graph the relation.State the domain of the relation.State the range of the relation.Is
If the probability of giving birth to a boy is 0.52, what is the approximate probability of giving birth to 4 consecutive boys?
Why does 2 pi divided by 1/3 equal 6 pi?
The ratio of Sam age to Hanks is 5 to 3. If the sum of their ages is 24, how old is Hank?