Question

I WILL GIVE BRAINLIEST PLEASE HELP

Answer 1

Answer:

Part I

• 4.8% compounded semiannually means 4.8%/2 = 2.4% per 6 month period

Part II

• Period is 6 months, so 2 periods in a year and 2*8 = 16 periods in 8 years

Part III

• A = $12200*(1 + 0.024)^16

Part IV

• A = $12200*(1 + 0.024)^16 = $17830.32