Calculate the compound amount. Use the compound amount formula and a calculator. (Round your answer to two decimal places.) P = $1800, r = 5% compounded semiannually, t = 12 years

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Calculate the compound amount. Use the compound amount formula and a calculator. (Round your answer to two decimal places.)

P = $1800, r = 5% compounded semiannually, t = 12 years
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