Ask Question
2 August, 10:46

Find the balance in the account. $1,400 principal earning 6%, compounded semi-annually, after 10 years

+3
Answers (1)
  1. 2 August, 11:38
    0
    A=P (1+r/n) ^nt

    Plug in the values:

    P=1400, r=6/100=0.6,

    n=2 and t=10

    A=1400 (1+.06/2) ^2 (10)

    A=$2528.56
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Find the balance in the account. $1,400 principal earning 6%, compounded semi-annually, after 10 years ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers