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beks73 [17]
3 years ago
14

I WILL GIVE BRAINLIEST PLEASE HELP

Mathematics
1 answer:
irina1246 [14]3 years ago
6 0

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
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