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Algebra
Pregunta

\(\square 12 \) . Solve. Round each calculation to...

\(\square 12 \) . Solve. Round each calculation to the nearest hundredth. You will need a scientific or graphing calculator. 

Janel invested \( \$ 7,000 \) at \( 3 \% \) interest, compounded semi-annually (two times a year). What would the value of the investment be after \( 8 \) years? \( A = P ( 1 + \frac { r } { n } ) ^ { n t } \) 

\( \$ 10,360.00 \) 

\( \$ 8,867.39 \) 

\( \$ 8,680.00 \) 

\( \$ 13,600.00 \) 

\( \$ 8,882.90\) 

Answer

$8,882.90

Solución
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