3 years ago

If interest is compounded twice a year, at what annual rate must you invest $2000 to have $3000 at the end of 6 years?

Mathematics

1 answer:

ElenaW [278]3 years ago

8 0

Step-by-step explaination

How to calculate interest compounded semiannually

Add the nominal interest rate in decimal form to 1. The first order of operations is parentheses, and you start with the innermost one. ...

Solve step one to the power of how many compounding periods. ...

Subtract from step two. ...

Multiply step three by the principal amount.

You might be interested in

Which line segment is not a diagonal through the<br><br> interior of the cube shown?

Andru [333]

Answer:

OPTIONS:

See attachment foe the figure.

Step-by-step explanation:

CE is the answer.

It doesn’t go through the middle, while the other 3 options do.

5 0

3 years ago

What is true about the absolute values of the slopes of parallel and perpendicular lines?

GenaCL600 [577]

They are the reciprocals of each other, meaning the denominator and the numerator are in switched positions

5 0

3 years ago

Read 2 more answers

Question 12.12. In 2010, the population of a city was 65,903. It was expected to grow at a rate of 0.7% each year.

postnew [5]

$y=Ce^{kx}$

k=0.7%=0.007

$65903=Ce^{.007(0)} \\ 65903=Ce^0 \\ 65903=C(1) \\ C = 65903$

$y=65903e^{0.007(2027-2010)}\\y=65903e^0.229 \\ y = 74231.157$

The best answer is 74,200

8 0

4 years ago

Solve for x. <br><br> 6(4x+2)= 3(8x+4)

jeka57 [31]

Answer:

x = 1

Step-by-step explanation:

6(4x + 2) = 3(8x + 4)

24x + 12 = 24x + 12

x = 1

7 0

3 years ago

Read 2 more answers

A poll asks shoppers at the mall how many cups of water they typically drink in a day. The results of the poll are listed below.

castortr0y [4]

First you find the median, the middle term (if there are an even number of terms it is the average of the middle two terms.) Since you have 21 terms, odd, you just use the middle term, in this case 8. The first quartile works the same way, but just on the left half between the start and the median...so the first quartile is 6.

5 0

3 years ago

Read 2 more answers