danielserrano2306 danielserrano2306
  • 12-02-2021
  • Mathematics
contestada

2) Jack invests $4,325 in a savings account with a fixed annual interest rate of 7%
compounded semi-annually. What will the account balance be after 7 years?

Respuesta :

sharda40
sharda40 sharda40
  • 12-02-2021

Answer:

A=P(1+r/200)^2n

=4325(1+7/200)^14

=4325*1.61869452

=7000

Answer Link

Otras preguntas

How many ways can a 6 question quiz be answered with 4 choice answers?
In glycolysis, as in all the stages of cellular respiration, the transfer of electrons from electron donors to electron acceptors plays a critical role in the o
Automobile warranty claims for engine mount failure in a troppo malo 2000 se are rare at a certain dealership, occurring at a mean rate of 0.1 claim per month.
if 2x^2 -2y^2 = 72 and if x+y=18 what does x-y equal
Complete the following sentence _____te gusta Pinter A t ú B a ti C a mi D a yo
when did the aryans move east and form small tribal settlement
What protects the brain and the spinal cord?
The manufacturer of a low-calorie dairy drink wishes to compare the taste appeal of a new formula (formula b.with that of the standard formula (formula a). each
Max, trayvon, and the rest of the boys in the first-grade class have decided that from now on, boys will only play with boys and never with girls. what are thes
The Transcontinental Railroad would not have been possible without constant presidential oversight British loans funding the track a large supply of immigr