Mathematics: 18,000 at 9% compounded semiannually for 6 years. find the total value of the investment after the time given.

18,000 at 9% compounded semiannually for 6 years. - id18000961625492, angel234wilcox

Ответ:

danielbamf1414

15.03.2022

$\bf ~~~~~~ \textit{Compound Interest Earned Amount}
\\\\
A=P\left(1+\frac{r}{n}\right)^{nt}
\quad 
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to &\$18000\\
r=rate\to 9\%\to \frac{9}{100}\to &0.09\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{semi-annual, thus twice}
\end{array}\to &2\\
t=years\to &6
\end{cases}
\\\\\\
A=18000\left(1+\frac{0.09}{2}\right)^{2\cdot 6}\implies A=18000(1.045)^{12}$

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Ответ:

leahstubbs

21.08.2022

Mathematics

Step-by-step explanation:

are u sure there is no more context

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18,000 at 9% compounded semiannually for 6 years. find the total value of the investment after the time given.

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