Question

An investment is advertised as returning 2.5% every 6 months (semiannually), compounded semiannually. If $20,000 is invested, the growth can be modeled by the equation A(t) = 20,000(1.025)^2t. What is the equivalent annual growth rate for this investment (rounded to the nearest hundredth of a percent) and what is it worth (rounded to the nearest thousand dollar) after 30 years?
Hint: Find the value of 1.025^2 on your calculator.

A. 5.01% and $86,000
B. 5.06% and $88,000
C. 51.30% and $30,000
D. 75.01% and $70,000

Answer 1

can you help ? @weasel123

Answer 2

maybe

Answer 3

oh you don't understand the question? :/ @weasel123

Answer 4

@ShadowLegendX @pooja195

Answer 5

not really lol

Answer 6

oh okay thats fine thanks for trying

Answer 7

@soprano.h.d0816