ozzy1146
13.10.2020 •
Mathematics
What is the future value (total amount due) on a $12,000 loan at 8% compounded semiannually (twice a year) for 7 years?
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Ответ:
$20,780.10
Step-by-step explanation:
You need the Compound Interest Formula
A = P(1 + r/n)^nt
Step 1: Create the equation.
12,000(1 + 0.08/2)¹⁴
Step 2: Solve the equation.
Follow PEMDAS (parenthesis, exponents, multiplication...)
Parenthesis: (1 + 0.08/2) = (1 + 0.04) = (1.04)
Exponents: (1.04)¹⁴ = (1.73168)
Multiplication: 12,000(1.73168) = 20,780.1
Ответ:
d
Step-by-step explanation:
ion kno how to explain itt but i remember , the lines mean comgruent or summ