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 $7,300 at 7% compounded semiannually for 3 years. Find the compounded interest.

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$7,300 at 7% compounded semiannually for 3 years. Find the compounded interest.

 Nov 21, 2014

Best Answer 

 #1
avatar+118723 
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FV = 7300(1+0.035)^6

Interest = FV- 7300

 Nov 21, 2014

1+0 Answers

 #1
avatar+118723 
+5
Best Answer

FV = 7300(1+0.035)^6

Interest = FV- 7300

Melody Nov 21, 2014

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