marlycanone marlycanone
  • 19-11-2017
  • Mathematics
contestada

the present value of $12,000 for six years compounded at 6% semiannually is:

Respuesta :

zrh2sfo
zrh2sfo zrh2sfo
  • 19-11-2017
In 6 years, you will have $17,109.13 at 6% semiannually compounded.

Plug the values into the following formula: A x [(1 + (R/2))^(N x 2)]. In the formula, "A" represents the initial investment amount, "R" represents the annual interest rate as a decimal and "N" represents the number of years you will own the investment. In this example, the formula would be $20,000 x [(1 + (0.06/2))^(5 x 2)].
Answer Link

Otras preguntas

Which of the following sentences DO NOT use the semicolon correctly? Question 15 options: Arnold and Betsy hurried to feed the pigs; a huge storm was coming. Th
Which section of a Greek drama was typically used to communicate backstory? the Prologue the First Episode the First Exodus Exodus
A secondary source is firsthand information about people or events true or false
The measure of angle A is 15°, and the length of side BC is 8. What are the lengths of the other two sides, rounded to the nearest tenth?
15 (y-4)-2 (y-9)+5 (y+6)=0
a sentence for sometimes
Solve the equation 4m = 28 for m. A. 3 B. 4 C. 5 D. 7
hydroelectric power produces electricity using?
Which of the following describes a response to external stimuli? a rabbit runs away from a fox that is chasing it a woman drinks water when she is thirsty a bo
Last week, you finished Level 2 of a video game in 32 minutes. Today, you finish Level 2 in 28 minutes. Is the percent of change an increase or a decrease? Incr