Answered

Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Get detailed and precise answers to your questions from a dedicated community of experts on our Q&A platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

1.) Your 3 year investment of $20,000 received 5.2% interested compounded semi annually. What is your total return? ASW

Sagot :

Let's begin by listing out the information given to us:

Principal (p) = $20,000

Interest rate (r) = 5.2% = 0.052

Number of compounding (n) = 2 (semi annually)

Time (t) = 3 years

The total return is calculated as shown below:

A = p(1 + r/n)^nt

A = 20000(1 + 0.052/2)^2*3 = 20000(1 + 0.026)^6

A = 20000(1.1665) = 23,330

A = $23,330

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.