Compound-Interest...
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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
Answers
Answered by
0
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.)
Answered by
0
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]
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