2 years ago

1. Find the compound interest and maturity value if P = P43,000, with a rate of 5% is compounded semi-annually for 6 years.

1 answer:

7 0

The Answer is that the present value of $100 is $100. Because this $100 dollar is deposited today so the time is equal to zero and when time is zero the value of amount is the value of amount itself.

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Order of Operations: BPEMDAS

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Step 1: Define

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1. Find the compound interest and maturity value if P = P43,000, with a rate of 5% is compounded semi-annually for 6 years.​

1. Find the compound interest and maturity value if P = P43,000, with a rate of 5% is compounded semi-annually for 6 years.