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3 years ago

$18, 000 at 9% compounded semiannually for 6 years

Mathematics

1 answer:

Eddi Din [679]3 years ago

7 0

Answer: $30,525.87

Step-by-step explanation:

$A=P(1+\frac{r}{n})^n^t$

A = Amount

P = Principal

r = rate

n = number of times it is compounded

t = time

$A=18000(1+\frac{0.09}{2})^(^2^)^(^6^) \\A=30,525.87$

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$18, 000 at 9% compounded semiannually for 6 years​

$18, 000 at 9% compounded semiannually for 6 years