SOLUTION: Suppose you invest $33,200 with an annual interest rate of 5.6%, compounded semiannually. How much will you have after 5 years?

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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) About Me  (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