document.write( "Question 139755: Find the balanceon $6,000 deposited at 6% compounded semi-annually for 3 years.\r
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document.write( "A.) $7164.31
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document.write( "B.) $7146.10
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document.write( "C.) $8511.11
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document.write( "J.) $6556.36 Please help ASAP \n" );
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Algebra.Com's Answer #101857 by solver91311(24713) You can put this solution on YOUR website! \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Where F is the future value \n" ); document.write( "P is the principal amount \n" ); document.write( "r is the interest rate per period \n" ); document.write( "n is the number of periods.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Your problem \n" ); document.write( "P = 6000 \n" ); document.write( "r = 6%/2 = 3% = .03 \n" ); document.write( "n = 6 (semi-annually for 3 years. semi-annually means twice per year, so 3 * 2 = 6\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Substitute the values and do the arithmetic. Use your calculator. \n" ); document.write( " |