SOLUTION: Find the amount & interest of $ 12,000 for 6 years at 18% compounded semi-annually?

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Question 1130487: Find the amount & interest of $ 12,000 for 6 years at 18% compounded semi-annually?
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
this is 12000(1+.18/2)^12, the semiannually compounding divides the interest rate by 2, and the 12 is the number of compoundings in 6 years. $33751.98