Question 429485
Principal P =	1600									
Amount=	A									
years=n	7									
compounded	2	times a year								
Rate =	8.00			0.04						
Amount =	P*((n+r)/n)^n									
										
Amount =1600*(1	+0.04)^	7*2
Amount =1600*(	1+0.04)^14			
	1600*(1.04)^14					
Amount =	2770.68