danielserrano2306 danielserrano2306
  • 12-02-2021
  • Mathematics
contestada

2) Jack invests $4,325 in a savings account with a fixed annual interest rate of 7%
compounded semi-annually. What will the account balance be after 7 years?

Respuesta :

sharda40
sharda40 sharda40
  • 12-02-2021

Answer:

A=P(1+r/200)^2n

=4325(1+7/200)^14

=4325*1.61869452

=7000

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