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notsponge [240]
3 years ago
15

Use the​ compound-interest formula to find the account balance A with the given​ conditions, where P=​principal, r=interest ​rat

e, n=number of compounding periods per​ year, t=​time, in​ years, and A=account balance.

Mathematics
1 answer:
Ksivusya [100]3 years ago
5 0

Answer:

<u>$127,566.28</u>

Step-by-step explanation:

Finding compound interest :

  • A = (110,000)(1 + 0.025)⁶
  • A = (110,000)(1.025)⁶
  • A = (110,000)(1.15969342)
  • A = <u>$127,566.28</u>
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