Question

HELP PLEASE ASAP???

a 1,600.00 principle earns 7% interest, compound semiannually twice per year. After 33 years, what is the balance in the account?

Answer 1

i think it is 3696

Answer 2

A=1600(1+0.07/2) ^66
A=1600(1.035)^66
A=*1600*9.684=15,494.69 round up to 15,494.70


I found it already but thanks anyways! :)