Question

Compound-Interest...
[C
Compound Interest
Worksheets
Calculate the total amount of the investment or total paid in a loan in the
following situations.
1.) Your 3 year investment of $20,000 received 5.2% interested compounded semi annually
What is your total return?
Answer​

Answer 1

Answer:

A=20, 000

Step-by-step explanation:

Your 3 year investment of $20,000 received 5.2% interested compounded semi annually.!! =2 What is your total return? A=20,000(1+0.95223) → A = 20,000 (1.026.)

Answer 2

Answer:

Total return is

$

23329.97

Step-by-step explanation:

Explanation:

Principal

P

=

$

20000.00

, interest rate compounded semi

annually is

r

=

5.2

%

=

5.2

100

=

0.052

;

n

=

2

,

t

=

3

years.

Total return ,

A

=

P

(

1

+

r

n

)

n

⋅

t

=

20000

(

1

+

0.052

2

)

3

⋅

2

A

=

20000

⋅

1.026

6

=

$

23329.97

I

=

23329.97

−

20000

=

$

3329.97

Total return is

$

23329.97

[Ans]