Jason deposits \$3,000 in an account paying 3% compounded semiannually. Find the compound amount of the investment after 10 years.
Jason deposits \$3,000 in an account paying 3% compounded semiannually. The compound amount of the investment after 10 years is 5,418.33. 10 * 2 = 20 A=P(1+i)^n A=3,000(1+.03)^20 A=3,000(1.806) A=5,418.33 (answer)
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Updated 35 days ago|7/8/2020 9:48:58 PM
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Jason deposits \$3,000 in an account paying 3% compounded semiannually. The compound amount of the investment after 10 years is 5,418.33.

10 * 2 = 20

A=P(1+i)^n
A=3,000(1+.03)^20
A=3,000(1.806)

Added 35 days ago|7/8/2020 9:48:58 PM

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