Answer to Question #171409 in Financial Math for King

Question #171409

Compound amount

what is the compound amount and compound interest of 360,000 invested at 12% compounded semi-annually for 7 years

Expert's answer

Compound amount: "A=360000(1+\\frac{0.12}{2})^{7*2}=813925.42".

Compound interest: "I=813925.42-360000.00=453925.00."

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