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OpenStudy (mackenzie2013):
Find the principal amount invested if the amount in a semi-annually compounded account with a 5.05% interest rate is $16,360.93 after 60 months.
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OpenStudy (anonymous):
A = 16,360.93(1+0.55/2)^4(60)
OpenStudy (anonymous):
\[a = 16360.93(1+\frac{ .55 }{ 2 })\]^240
OpenStudy (anonymous):
Not too good with typing these out with this format.
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