SOLUTION: How much interest is earned on $1500 at 10% p.a. for 7 years, compounded every 6 months
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Question 1117765: How much interest is earned on $1500 at 10% p.a. for 7 years, compounded every 6 months
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
^{nt})
Where 
is the Future Value, 
is the present value, 
is the annual percentage rate expressed as a decimal, 
is the number of compounding periods per year, and 
is the number of years of the investment.
^{2\cdot 7})
You can do your own calculator work.
John
My calculator said it, I believe it, that settles it
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