Question 1080205
6% is compounded semiannually, or 3% every compounding period. Over 10 years, that amounts to 20 compounding periods. Thus n=20. So:
i=[(1.03)^20]-1
i=1.8061112346694138117573133075817-1
i=80.61112346694138117573133075817% interest on the principal. &#9786;&#9786;&#9786;&#9786;