tashaunevaughn tashaunevaughn

05-10-2020
Mathematics

contestada

How much money would you need to deposit today at 7% annual interest
compounded semi annually to have $50,000 in the account after 6 years?
Your answer

Respuesta :

r0xannewilliams r0xannewilliams

05-10-2020

Answer:

$22,200.60

Step-by-step explanation:

Interest will compount 12 times over 6 years.

1.07^12 = 2.252 times your money

$50,000 / 2.252 = $22,220.60

Answer Link

Otras preguntas

What was the goal of the farm labor movement? put California growers out of business prohibit farm workers from joining unions press for change through radical

Which are characteristics of the Inca's civilization? Choose all answers that are correct. A. transformed a deserted island into a large city with causeways B.

What are the steps to solve this problem? 0.000027 ÷ 0.000009

Which of the following is the conjugate of 6 + 7i? 6 + 7i 6 − 7i 7 + 6i 7 − 6i

American colonies found it for epidemic reason we're called blank colonies

Enzymes that can digest food are found in vesicles called A. ribosomes. B. mitochondria. C. lysosomes. D. chloroplasts.

A postal carrier can deliver mail to about 900

Which of the following is an example of a species changing over time? Select all that apply. A. A gardener notices a new kind of squash growing after he only

Progressives wanted to take the power of choosing candidates away from political machines. One way they saw to accomplish this was to a. spread the Wisconsin Id

What is the value of x in the rhombus bellow?

Q&A Education