SOLUTION: Suppose you invest $33,200 with an annual interest rate of 5.6%, compounded semiannually. How much will you have after 5 years?
Algebra.Com
Question 1202732: Suppose you invest $33,200 with an annual interest rate of 5.6%, compounded semiannually. How much will you have after 5 years?
Answer by math_tutor2020(3817) (Show Source): You can put this solution on YOUR website!
Answer: $43,759.19
Work Shown:
A = P*(1+r/n)^(n*t)
A = 33200*(1+0.056/2)^(2*5)
A = 43759.1855525179
A = 43759.19
RELATED QUESTIONS
How much money will you have after 4 years if you invest $2000 at an annual rate of 5%... (answered by stanbon)
Suppose you invest $1600 at an annual interest rate of 4.6% compounded continuously. How... (answered by math_helper)
You invest $100,000 in an account with an annual interest rate of 4.5%, compounded... (answered by ewatrrr)
Suppose you invest $1600 at an annual interest rate of 4.6% compounded continuously. How... (answered by rfer)
suppose you invest 2000 dollars at an annual interest rate of 5.1% continuously... (answered by rfer)
Suppose you invest $1500 at an annual interest rate of 5% compounded continuously. How... (answered by lwsshak3)
Suppose you invest $ 1700 at an annual interest rate of 7.5% compounded continuously. How (answered by nerdybill)
If you invest $2,000 at a 5% interest, compounded semiannually, how much will you have in (answered by lwsshak3)
Suppose that you invest $100 at an annual interest rate of 4.8% compounded continuously.... (answered by Alan3354,MathLover1)