castillohj109 castillohj109

20-07-2016
Mathematics

contestada

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

Respuesta :

wilsonlu wilsonlu

20-07-2016

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

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11-12-2019

Answer:

$2528.56

Step-by-step explanation:

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