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rcolavit
01.09.2019 •
Mathematics
Find the final amount of money in an account if $4,300 is deposited at 4% interest compounded semi-annually and the money is left for 5 years
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Ответ:
Base amount: $4,300.00
Interest Rate: 4% (yearly)
Effective Annual Rate: 4.04%
Calculation period: 5 years
$5,241.68
Step-by-step explanation:
The generic formula used in this compound interest calculator is
V = P(1+r/n)^(nt)
V = the future value of the investment
P = the principal investment amount
r = the annual interest rate
n = the number of times that interest is compounded per year
t = the number of years the money is invested for
Ответ: