Question: Find the compound amount. Round to the nearest cent. $8000at5% compounded semiannually for6years Group of answer choices: $10,759.12 $10,720.77 $9277.55 $10,400.00

Find the compound amount. Round to the nearest cent.

$8000at5% compounded semiannually for6years

Group of answer choices:

$10,759.12

$10,720.77

$9277.55

$10,400.00

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!