Brenda invests 21,548.57 in a savings account with a fixed annual interest rate of 8.78 % compounded semi-annually. What will the account balance be after 7 years

解

Brenda invests 21, 548.57 in a savings account with a fixed annual interest rate of 8.78 % compounded semi-annually. What will the account balance be after 7 years

解

Amount : 39322.67

解答ステップ

Translate the problem into an equation:

A = 21548.57 (1 + \frac{0.0878}{2})^{2 \cdot 7}

21548.57 (1 + \frac{0.0878}{2})^{2 \cdot 7} = 39322.67203 \dots

最も近い

h u n d re d t h

に四捨五入:

39322.67

Amount : 39322.67

Brenda invests 21,548.57 in a savings account with a fixed annual interest rate of 8.78 % compounded semi-annually. What will the account balance be after 7 years

解

解

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