At 4:00am the outside temperature was -28 by 4:00pm.it had risen 38 degrees what was the temperature at 4:00pm
2 answers:
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Answer:
$2191.12
Step-by-step explanation:
We are asked to find the value of a bond after 10 years, if you invest $1000 in a savings bond that pays 4% interest, compounded semi-annually.
, where,
,
r = Rate of return in decimal form.
n = Number of periods.
Since interest is compounded semi-annually, so 'n' will be 2 times 10 that is 20.
Therefore, the bond would be $2191.12 worth in 10 years.