kaylastetz8940 kaylastetz8940

18-06-2017
Business

contestada

What is the future value of $1,500 after 5 years if the appropriate interest rate is 6%, compounded semiannually?

Respuesta :

Aliwohaish12 Aliwohaish12

19-06-2017

Hi there
The formula is
A=p (1+r/k)^kt
A future value?
P present value 1500
R interest rate 0.06
K compounded semiannual 2
T time 5 years
So
A=1,500×(1+0.06÷2)^(2×5)
A=2,015.87

Good luck

Answer Link

Otras preguntas

what was the purpose of morgan spurlock's in doing this experiment, Super Size Me?

which of these geometry terms best describes an unsharpened pencil? a. ray b.line segment c. point d.plane

what makes volcanoes violent?

The model of the universe that suggests that the sun is the center of the universe was first brought by A. Brahe.B. Kepler.C. Ptolemy.D. Copernicus.Can also som

how did mountains hinder westward travel

One positive number is 5 times another number. The difference between the two numbers is 200, find the numbers.

Angle kl bisects angle vkw. Classify angle vkw if measure of angle lkw is 25°

What is the solution to the proportion? A.

What are the next four multiples of the fraction 3/5?

One positive number is 5 times another number. The difference between the two numbers is 200, find the numbers.