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25-09-2018
Mathematics

contestada

$1400 principal annual earning 6% compound semiannually, after 10 years

Respuesta :

melanie7674 melanie7674

25-09-2018

The formula to use is:
A=P(1+r/n)^nt
Plug in the values:
A=1400(1+.06/2)^2(10)
A=$2528.56 (rounded off)
Make sense?

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