Quantcast

A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

mybaby55

  • 2 years ago

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

  • This Question is Closed
  1. cwrw238
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Amount = 12,000( 1 + 0.06/2)^(2*5) = 12000(1 + 0.03)^10

  2. mybaby55
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    ty again

  3. cwrw238
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    yw

  4. mybaby55
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    investmant percents*semi then what is the 2*5 pls

  5. cwrw238
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 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

  6. cwrw238
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    the 2 in 2*5 is the number of times its paid per annum

  7. mybaby55
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 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,

  8. cwrw238
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    oh ok you are welcome

  9. mybaby55
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 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

  10. mybaby55
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 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

  11. mybaby55
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    2*5

  12. mybaby55
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    got it i think

  13. mybaby55
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    bye

  14. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.