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What initial investment at 7.5 percent compounded semiannually for 3 years will accumulate to 15000?
Wiki User
∙ 11y ago
The answer depends on whether the 7.5 percent refers to an annual equivalent rate (AER) or a semi-annual rate.
If it the AER, then the amount is 12074.41 (approx).
In the unlikely event that it is the 6-month rate (equivalent to almost 15.6% per annum), the initial amount is 9719.42
The answer depends on whether the 7.5 percent refers to an annual equivalent rate (AER) or a semi-annual rate.
If it the AER, then the amount is 12074.41 (approx).
In the unlikely event that it is the 6-month rate (equivalent to almost 15.6% per annum), the initial amount is 9719.42
The answer depends on whether the 7.5 percent refers to an annual equivalent rate (AER) or a semi-annual rate.
If it the AER, then the amount is 12074.41 (approx).
In the unlikely event that it is the 6-month rate (equivalent to almost 15.6% per annum), the initial amount is 9719.42
The answer depends on whether the 7.5 percent refers to an annual equivalent rate (AER) or a semi-annual rate.
If it the AER, then the amount is 12074.41 (approx).
In the unlikely event that it is the 6-month rate (equivalent to almost 15.6% per annum), the initial amount is 9719.42
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoThe answer depends on whether the 7.5 percent refers to an annual equivalent rate (AER) or a semi-annual rate.
If it the AER, then the amount is 12074.41 (approx).
In the unlikely event that it is the 6-month rate (equivalent to almost 15.6% per annum), the initial amount is 9719.42
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