Answer:
$18,087.23
Step-by-step explanation:
The future worth of the loan in 7 years compounded semiannually is computed as shown below using the future value formula adjusted for semiannual compounding:
FV=PV*(1+r/2)^n*2
FV is the worth of the loan in 7 years which is unknown
PV is the actual amount of loan which is $8,000
r is the rate of interest of 12%
n is the number of years of the loan which is 7 years
the 2 is to show that interest is computed twice a year
FV=8000*(1+12%/2)^7*2
FV=8000*(1+6%)^14
FV=8000*1.06^14=$18,087.23
Answer: 446.66
Explanation:
The formula for perimeter is 2 x length +2 x width
So you multiply 175.33 which gives you 350.66 and add it to 96 which gives you 446.66
