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mybaby55

  • 3 years ago

how do i wite a formula for this $12000 invested @ 6% compounded semi annually fo 5 years thanks in advance

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  1. cwrw238
    • 3 years ago
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    Amount = 12,000( 1 + 0.06/2)^(2*5) = 12000(1 + 0.03)^10

  2. mybaby55
    • 3 years ago
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    ty again

  3. cwrw238
    • 3 years ago
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    yw

  4. mybaby55
    • 3 years ago
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    investmant percents*semi then what is the 2*5 pls

  5. cwrw238
    • 3 years ago
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    the general form is A = P(1 + r/c )^cr where P = principal amount, r = rate per annum and c is the number of times interest is paid per annum

  6. cwrw238
    • 3 years ago
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    the 2 in 2*5 is the number of times its paid per annum

  7. mybaby55
    • 3 years ago
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    crw if you are still there i would like to say a big thank you, my laptop started a load of pop ups, throwed it at the wall and you can guess what happened so now using a spare,

  8. cwrw238
    • 3 years ago
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    oh ok you are welcome

  9. mybaby55
    • 3 years ago
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    ty just got so frustrated with it its been doing that for past 2 days finally snapped lol good job it was not brand new

  10. mybaby55
    • 3 years ago
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    A = P(1 + r/c )^cr 12000(1+0.06/2)^? sorry just cant seem to get the ^cr yet to get to my answer

  11. mybaby55
    • 3 years ago
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    2*5

  12. mybaby55
    • 3 years ago
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    got it i think

  13. mybaby55
    • 3 years ago
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    bye

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