EsbenD183925 EsbenD183925

28-10-2022
Mathematics

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Find the balance if $22000 is invested in an account with an 8% annual interest rate, compounded semi-annually for 15 years (round to the nearest penny)The balance will be $___

Find the balance if 22000 is invested in an account with an 8 annual interest rate compounded semiannually for 15 years round to the nearest pennyThe balance wi class=

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AshaniN789155 AshaniN789155

28-10-2022

A = 22000(1 + 0.08/2)^(15*2)

A = 71354,75

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