18,000 invested compounded for 6 years at 4% interest. How do I figure out the annual and semi annual totals?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 49CR
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18,000 invested compounded for 6 years at 4% interest. How do I figure out the annual and semi annual totals?
use the appropriate compound interest.
formula to find the grand total
account after le years.
in the
18,000 invested
4% annual interest.
6
le years compounded.
total after 6 years.
total after 6 years.
Round to nearest cent.
annual
Semi-annuel
4
Transcribed Image Text:use the appropriate compound interest. formula to find the grand total account after le years. in the 18,000 invested 4% annual interest. 6 le years compounded. total after 6 years. total after 6 years. Round to nearest cent. annual Semi-annuel 4
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