Question

Find the balance in the account. $1,400 principal earning 6%, compounded semi-annually, after 10 years

Answer 1

A=P(1+r/n)^nt
Plug in the values:
P=1400, r=6/100=0.6,
n=2 and t=10
 A=1400(1+.06/2)^2(10)
 A=$2528.56

Answer 2

Answer:

$2528.56

Step-by-step explanation: