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Asked May 4, 2019
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1+-|
30)Use A-P
to determine the final value of $1200 invested at 9% compounded
semiannually for 3 vears.
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1+-| 30)Use A-P to determine the final value of $1200 invested at 9% compounded semiannually for 3 vears.

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Expert Answer

Step 1

Given, 

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Step 2

And also given that, amount is compounded semiannually.

Therefore, the formula will be

 

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Step 3

Therefore, by substituting all the give...

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