3 years ago

Pleaase someone help me !

Mathematics

2 answers:

hammer [34]3 years ago

7 0

Answer:

$ 4,865

Step-by-step explanation:

First find the simple intere

KiRa [710]3 years ago

7 0

Answer:

P = A (1 + i)^n where P is the payment, A the original amount and i the interest rate for the payment period.

Assuming .195 is the annual interest rate then

i = .195 / 2 = .0975 the rate that will be compounded every 6 mos.

P = 3500 * (1 + .0975)^4 = $5078

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