SOLUTION: P= $2500, r=7%, t= 10, compounded semiannually

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Question 820855: P= $2500, r=7%, t= 10, compounded semiannually
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
 

Hi,  In General A+=+P%281%2Br%2Fn%29%5E%28nt%29

A = Accumulated Amount

P= principal = 2500

r= annual rate = .07

n= periods per year = 2

t= years =  10

A+=+2500%281.035%29%5E%2820%29