de

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Beliebt Word Problems >

A 2,000 bond with an annual interest rate of 6% compounds semi-annually. What is the value of the bond after 15 years?

Lösung

A 2, 000 b o n d w i t h an ann u a l in t eres t r a t e o f 6% co m p o u n d s se mi - ann u a ll y . Wha t i s t h e v a l u e o f t h e b o n d a f t er 15 ye a rs ?

Lösung

Amount : 4854.52

Schritte zur Lösung

Translate the problem into an equation:

A = 2000 (1 + \frac{0.06}{2})^{2 \cdot 15}

2000 (1 + \frac{0.06}{2})^{2 \cdot 15} = 4854.52494 \dots

Round to the nearest hundredth:

4854.52

Amount : 4854.52

Beliebte Beispiele

What is the volume of a sphere with durchmesser of 7.9ft , rounded to the nearest tenth of a cubic foot? Answer Attempt 1 out of 2 the longest runway at the airport has the shape of a rectangle and an fläche of 1,703,800 square feet. This runway is 140 feet wide. How long is the runway?Manuel opened a savings account and deposited 1,000.00 as principal. The account earns 7% interest, compounded annually. What is the balance after 9 years?The sum of 2 numbers is 39. Twice the first number plus 3 times the second number is 101. Find the numbers.16% of what number is 14