reyesi443 reyesi443
  • 27-03-2022
  • Mathematics
contestada

Find the total amount
$20,700 at 9% compounded
semiannually for 4 years

Respuesta :

Аноним Аноним
  • 27-03-2022

Answer:

41,246.046 which could be rounded to .05 cents at the end.

Step-by-step explanation:

[tex]20700(1.09)^8[/tex]

we use this equation since we are working with interest, and we are compounding interest twice per year, for 4 years or 8 times.

hope this helps, please rate and mark as brainelst.

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