Respuesta :

ronhagrid310

Answer:

Formula for principal that amounts to $2000 if invested at 4% interest compounded semiannually for 5 years:

P = 2000 x ( 1 + 0.04/2)^(5 x 2)

  = 2437.99$

Hope this helps!

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francocanacari

The principal that will amount to $ 2000 if invested at 4% compounded semiannually for 5 years will be $ 1,640.69.

To determine what principal will amount to $ 2000 if invested at 4% interest compounded semiannually for 5 years, the following calculation must be performed:

  • X x (1 + 0.04 / 2) ^ (5x2) = 2000
  • X x 1.02 ^ 10 = 2000
  • 1.2189X = 2000
  • X = 2000 / 1.2189
  • X = 1,640.69

Therefore, the principal that will amount to $ 2000 if invested at 4% compounded semiannually for 5 years will be $ 1,640.69.

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