document.write( "Question 316657: How much money will there be in the account after the given number of years for the following: P= $3000, R= 5% COMPOUNDED SEMIANNUALLY,t=5 years \n" ); document.write( "
Algebra.Com's Answer #226549 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! How much money will there be in the account after the given number of years for the following: P= $3000, R= 5% COMPOUNDED SEMIANNUALLY,t=5 years \n" ); document.write( "------------------ \n" ); document.write( "A(t) = P(1+(r/n))^(nt) \n" ); document.write( "--- \n" ); document.write( "A(5) = 3000*(1+(0.05/2))^(2*5) \n" ); document.write( "----- \n" ); document.write( "A(5) = $3840.25 \n" ); document.write( "================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "================== \n" ); document.write( " |