Traveracle Traveracle
  • 22-04-2022
  • Mathematics
contestada

$7,000 compounded semiannually at a rate of 10% for 21 years

Respuesta :

jsimpson11000 jsimpson11000
  • 25-04-2022

Answer:

$ 54 331.11

Step-by-step explanation:

21  years semi-annually is 42 periods

interest rate per period = 10% /2 = .10 /2 = .05

7000 (1 + .05)^42 =

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