SOLUTION: What initial investment at 7% compounded semiannually for 3 years will accumulate to $10,000?
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Question 870443: What initial investment at 7% compounded semiannually for 3 years will accumulate to $10,000?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
In General
A = Accumulated Amount $10,000
P= principal =
r= annual rate = .07
n= periods per year = 2 (semiannually)
t= years = 3
= P
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