document.write( "Question 457408: PLEASE HELP ASAP!
\n" ); document.write( "Use the formula A = P(1 + r/n)^nt
\n" ); document.write( "to find the total amount of money accumulated at the end of the indicated time period for the following investment.
\n" ); document.write( "Round your answer to the nearest cent.
\n" ); document.write( "$700 for 8 years at 6% compounded semiannually
\n" ); document.write( " \n" ); document.write( "
Algebra.Com's Answer #313903 by ankor@dixie-net.com(22740)\"\" \"About 
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Use the formula A = P(1 + r/n)^nt to find the total amount of money accumulated
\n" ); document.write( " at the end of the indicated time period for the following investment.
\n" ); document.write( "Round your answer to the nearest cent. $700 for 8 years at 6% compounded semiannually
\n" ); document.write( ":
\n" ); document.write( "A = P(1 + r/n)^nt
\n" ); document.write( "Given:
\n" ); document.write( "P = $700, Principal
\n" ); document.write( "r = .06 int rate
\n" ); document.write( "n = 2 (semi annual)
\n" ); document.write( "t = 8 yrs
\n" ); document.write( ":
\n" ); document.write( "A = 700(1 + .06/2)^(2*8)
\n" ); document.write( "A = 700(1.03)^16
\n" ); document.write( "Find 1.03^16 on a calc
\n" ); document.write( "A = 700*1.6047
\n" ); document.write( "A = $1123.29 \n" ); document.write( "
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