mybaby55
how do i wite a formula for this
$12000 invested @ 6% compounded semi annually
fo 5 years thanks in advance
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cwrw238
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Amount = 12,000( 1 + 0.06/2)^(2*5)
= 12000(1 + 0.03)^10
mybaby55
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ty again
cwrw238
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yw
mybaby55
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investmant percents*semi then what is the 2*5 pls
cwrw238
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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
cwrw238
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the 2 in 2*5 is the number of times its paid per annum
mybaby55
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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,
cwrw238
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oh ok
you are welcome
mybaby55
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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
mybaby55
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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
mybaby55
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2*5
mybaby55
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got it i think
mybaby55
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bye