lucasperrine9191 lucasperrine9191

09-03-2022
SAT

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The future value of $200 received today anddeposited at 8 percent compounded semi-annually for three years is.

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sharafnuha20 sharafnuha20

09-03-2022

Answer:

$253

Explanation:

[tex]200(1+\frac{0.08}{2})^{2(3)} \\200(1.04)^{6} \\200(1.26...)\\=253.06\\\\\\[/tex]

Use the formula (A=P(1+r/n)^nt

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