jayarelaine1198 jayarelaine1198
  • 19-09-2017
  • Business
contestada

What is the future value of $1,680 in 15 years assuming an interest rate of 8.25 percent compounded semiannually?

Respuesta :

Kalahira
Kalahira Kalahira
  • 02-10-2017
$5648.85 The formula for compound interest is A = P(1+r/n)^(nt) where A = Amount of money at end of period P = Initial principle r = Rate of interest n = number of compound periods per yet t = number of years. So let's plug the numbers into the formula A = P(1+r/n)^(nt) A = 1680(1+0.0825/2)^(2 * 15) A = 1680(1 + 0.04125)^30 A = 1680(1.04125)^30 A = 1680(3.362408) A = $5648.85
Answer Link

Otras preguntas

Can you explain clearly. This is very hard for me.
Please help ASP! I will mark brainlist!
Name the type of wave labeled C
What is the amino acid for TAC? 50 points for first correct answer
(35 POINTS) Which type of poem is "Hope is the Thing with Feathers"? A. limerick B. sonnet C. lyric poem D. free verse
Graph the system of linear inequalities. y≥2/3 x-3 y<-4x+7 Correctly graphs the line y=2/3 x-3 Correctly graphs the line y=-4x+7 Correct shading and line ty
Math help please????!!!!!
Emma gathered the apples from 6 of her trees. From 4 of the tress, she gathered three fourths of a barrel of apples. From the last 2 trees, she collected one
How do u combine like terms ?
Which of these statements best describes the popol vuh