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

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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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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18,000 invested compounded for 6 years at 4% interest. To determine the annual and semi annual totals.

 

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