Find the accumulated amount A if the principal P is invested at an interest rate of r per year for t years. Round your answer to the nearest cent.
P = $2,400, r = 6%, t = 10, compounded semiannually
A) A = $4,353.64
B) A = $4,373.09
C) A = $4,334.67
D) A = $4,298.03
Correct Answer:
Verified
Q130: Find the effective rate corresponding to the
Q131: Find the accumulated amount after 5 year(s)
Q132: Find the present value of $20,000 due
Q133: The Estradas are planning to buy a
Q134: The monthly demand for a certain brand
Q136: How long will it take an investment
Q137: How long will it take $4,000 to
Q138: The price of a certain commodity in
Q139: Find the accumulated amount A if the
Q140: Find the interest rate needed for an
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents