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Vera_Pavlovna [14]
2 years ago
11

Find the total amount $20,700 at 9% compounded semiannually for 4 years

Mathematics
1 answer:
Phantasy [73]2 years ago
4 0

Answer:

41,246.046 which could be rounded to .05 cents at the end.

Step-by-step explanation:

20700(1.09)^8

we use this equation since we are working with interest, and we are compounding interest twice per year, for 4 years or 8 times.

hope this helps, please rate and mark as brainelst.

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