Question 6

1 pts

$20,000 for 14 years compounded at 10% semiannually

results in how many periods?

0 20

28

40

O none of the above

Question

Mathematics

Addisyn

3 September, 14:59

Question 6

1 pts

$20,000 for 14 years compounded at 10% semiannually

results in how many periods?

0 20

28

40

O none of the above

+2

Answers (1)

Know the Answer?

Kyra Hanson · Answer 1

Option B is correct.

Step-by-step explanation:

We are given that $20,000 for 14 years compounded at 10% semiannually.

We need to find how many periods are there?

Semiannually means twice a year

Which means that the amount is compounded twice in one year.

So, for 14 years: 14*2 = 28

So, 28 periods is the correct answer.

Option B is correct.

Question 61 pts$20,000 for 14 years compounded at 10% semiannuallyresults in how many periods?0 202840O none of the above

Question 6

1 pts

$20,000 for 14 years compounded at 10% semiannually

results in how many periods?

0 20

28

40

O none of the above