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Популярное Word Problems >

Find the future value and interest earned if 8806.54 is invested for 7 years at 4% compounded semiannually

Решение

F in d t h e f u t u re v a l u e an d in t eres t e a r n e d i f ​8806.54 i s in v es t e d f or 7 ye a rs a t 4​% co m p o u n d e d se miann u a ll y

Решение

Interest : 2813.5

Шаги решения

Translate the problem into an equation:

11620.04 = 8806.54 + I

Решите для

I, 11620.04 = 8806.54 + I : I = 2813.5

Interest : 2813.5

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