Question

A = P(1 + r/n)nt
What does the question look like with these numbers in it??
$138,230.00 6% semi-anually for 12 years

Answer 1

@CliffSedge ?

Answer 2

semi annually means \(n=2\) and for 12 years means \(t=12\) and so \(nt=24\)

Answer 3

Can you write the equation out? I'm so bad at these :/

Answer 4

\(6\%=.06\) so you can compute
\[138,230\times (1+\frac{.06}{2})^{24}\]

Answer 5

I cant get it to come out right :/ to either
$67,500.00
$67,000.00
$68,000.00
$69,000.00