Mathematics, 07.04.2020 23:28 maybaby7545

Calculate periodically compounded interest
Question
If $5,000 is borrowed with an interest of 12.3% compounded semi-annually, what is the total amou
pay it back in 3 years?
Round your answer to the nearest cent.
Do NOT round until you have calculated the final answer.

Answers: 1

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Calculate periodically compounded interest
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Calculate periodically compounded interest Question If $5,000 is borrowed with an interest of 12.3% compounded semi-annually, what is the total amou pay it back in 3 years? Round your answer to the nearest cent. Do NOT round until you have calculated the final answer.

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Another question on Mathematics

Calculate periodically compounded interest
Question
If $5,000 is borrowed with an interest of 12.3% compounded semi-annually, what is the total amou
pay it back in 3 years?
Round your answer to the nearest cent.
Do NOT round until you have calculated the final answer.