Answer:
Sure, what do you need
Step-by-step explanation:
Answer:
$23.31
Step-by-step explanation:
$21 x 1.11 = $23.31
SOLUTION
Given the question in the question tab, the following are the solution steps to answer the question.
STEP 1: Write the formula for calculating compound amount

where
A = final compounded amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
STEP 2: Write the given data
Semiannually means that n will be 2

STEP 3: Calculate the compound amount

Hence, the compounded amount after 4 years is $18,748.1972
It is NOT the highest power shared BUT the lowest power shared. Step 2
Answer:
Step-by-step explanation:
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