Answer:
$152.33
Step-by-step explanation:
123.85 x 0.05 = $6.19
123.85 x 0.18 = $22.29
123.85 + 6.19 + 22.29 = $152.33
Answer:
Peyton's account will have $13,842.18 after a year.
Step-by-step explanation:
Given that Peyton received $ 12,700 and decided to invest it for a year in an account that grants an interest of 8.8% per year, compounded semiannually, to determine the amount of money that will be in said account after the passage of one year, it is necessary to perform the following calculation:
X = 12,700 (1 + 0.088 / 2) ^ 1x2
X = 13,842.18
Therefore, after a year has passed, Peyton's account will be $ 13,842.18.
The answer to this is 3645
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