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Orlov [11]
3 years ago
6

Find the future value of $3000 invested at 6% p.a interest compounded half-yearly for 4 years

Mathematics
1 answer:
alekssr [168]3 years ago
6 0

Answer:

F=$3810

Step-by-step explanation:

F=P(1+i)^{n}

F= future value

P= present value

i = interest

n= number of times money compounded

P=$3000 i=6%   n = 2 X 4= 8

As this is semiannual so 6%/2=3%

F=P(1+0.03)^{8}

F=3000(1.03)^{8}

F=3000(1.267)

F=3810

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Answer:

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Step-by-step explanation:

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3 years ago
A student takes ten exams during a semester and receives the following grades: 90, 85, 97, 76, 89, 58, 82, 102, 70, and 67. Find
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3 years ago
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A spinner is divided into 8 section of equal size. The sections are numbered 1 through 8. Use this information to determine the
olga_2 [115]

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Step-by-step explanation:

1)

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3 years ago
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77julia77 [94]

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2 years ago
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