Question

If $6700 is invested at 4.6% interest compounded semiannually, how much will the investment be worth in 15 years?

Answer 1

A=p(1+i/m)^mn
A=6,700×(1+0.046÷2)^(2×15)
A=13,253.90

Answer 2

Answer:

13,253.90

Step-by-step explanation:

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