Question 1059795
{{{ A(t)  = P*( 1 + r/n )^(nt) }}}
{{{ P = 7500 }}}
{{{ r = .039 }}}
{{{ n = 2 }}}
{{{ t = 25 }}}
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{{{ A(25) = 7500*( 1 + .039/2 )^(2*25) }}}
{{{ A(25) = 7500*1.0195^50 }}}
{{{ A(25) = 7500*2.6264 }}}
{{{ A(25) = 19698.03 }}}
The account will be worth $19.698.03
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check:
{{{ 19698.03 = 7500*( 1 + .039/2 )^(2*25) }}}
{{{ 2.6264 = 1.0195^50 }}}
Take the log of both sides
{{{ .41936 = 50*.008387 }}}
{{{ .41936 = .41936 }}}
OK