neo31
neo31 neo31
  • 24-04-2020
  • Mathematics
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$18, 000 at 9% compounded semiannually for 6 years​

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ItzMikeSS
ItzMikeSS ItzMikeSS
  • 24-04-2020

Answer: $30,525.87

Step-by-step explanation:

[tex]A=P(1+\frac{r}{n})^n^t[/tex]

A = Amount

P = Principal

r = rate

n = number of times it is compounded

t = time

[tex]A=18000(1+\frac{0.09}{2})^(^2^)^(^6^) \\A=30,525.87[/tex]

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