Question

Santos deposited $1,800 in an account that yields 2.7% interest, compounded semiannually. How much is in the account after 54 months?

Answer 1

Answer:

Step-by-step explanation:

Ok so R= 0.027

the time period is 54 months. So

T= 54 months and that equals 4.5 years. or also known as 4 and a half years. So the interest will be compounded 9 times semiannually.

Answer 2

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