If $3,000 is deposited at the end of every six months into an account that earns 10% semiannually, find the amount after 10 year s.
2 answers:
Answer:
7959.83
Step-by-step explanation:
A = P ( 1+r/n)^ nt
Where A is the amount in the account
P is the principal
r is the rate
n is the number of compoundings per year
t is the years
A =3000 ( 1+.10/2)^ 2*10
A =3000 ( 1+.05)^ 20
=7959.83
Answer:
$66,000
Step-by-step explanation:
if they earn 6,000 every year and another $600 through interest, add 6,000 + 600 = 6,600 x 10 = $66,000.
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-8d = 12 + 12
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Answer:
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Step-by-step explanation:
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