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mybaby55
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how do i wite a formula for this
$12000 invested @ 6% compounded semi annually
fo 5 years thanks in advance
 one year ago
 one year ago
mybaby55 Group Title
how do i wite a formula for this $12000 invested @ 6% compounded semi annually fo 5 years thanks in advance
 one year ago
 one year ago

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cwrw238 Group TitleBest ResponseYou've already chosen the best response.0
Amount = 12,000( 1 + 0.06/2)^(2*5) = 12000(1 + 0.03)^10
 one year ago

mybaby55 Group TitleBest ResponseYou've already chosen the best response.0
investmant percents*semi then what is the 2*5 pls
 one year ago

cwrw238 Group TitleBest ResponseYou've already chosen the best response.0
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
 one year ago

cwrw238 Group TitleBest ResponseYou've already chosen the best response.0
the 2 in 2*5 is the number of times its paid per annum
 one year ago

mybaby55 Group TitleBest ResponseYou've already chosen the best response.0
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,
 one year ago

cwrw238 Group TitleBest ResponseYou've already chosen the best response.0
oh ok you are welcome
 one year ago

mybaby55 Group TitleBest ResponseYou've already chosen the best response.0
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
 one year ago

mybaby55 Group TitleBest ResponseYou've already chosen the best response.0
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
 one year ago

mybaby55 Group TitleBest ResponseYou've already chosen the best response.0
got it i think
 one year ago
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