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omeli [17]
3 years ago
11

Diane borrowed 8000 at a rate of 7%, compounded semiannually. Assuming she makes no payments, how much will she owe after 6 year

s?
Do not round any intermediate computations, and round your answer to the nearest cent.​
Mathematics
1 answer:
dmitriy555 [2]3 years ago
7 0

Answer: $12088.55

Step-by-step explanation:

A = p(1+r/n)^nt

A = 8000(1+0.07/2)^2*6

A = 12088.54926

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