psinghz0616 psinghz0616

06-10-2020
Mathematics

contestada

Find the maturity value and the compound interest if $3,600 is invested at 6% compounded semi-
annually for 5 years and 7 months. Round your final answers to 2 decimal places

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s9172457 s9172457

06-10-2020

Answer:Answer Expert Verified. The Answer is that the present value of $100 is $100. Because this $100 dollar is deposited today so the time is equal to zero and when time is zero the value of amount is the value of amount itself.

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