SOLUTION: $900 invested at 5% for 10 years compounded semiannually

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Question 322553: $900 invested at 5% for 10 years compounded semiannually
Answer by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!
A= P(1+r/t)^nt
P= principal
r= rate/year
n= time
t= period of compounding
A=900*(1+0.05/2)^10*2
= $ 1474.75