Find the final amount for a $750 investment at 5.25% interest compound semiannually for 25 years

=$2739.81

Step-by-step explanation:

To find the total amount if the interest is compounded, we use the compound interest formula.

A=P (1+R/100) ⁿ

A is the amount, P - principal, is the invested amount R is the % interest rate, n is the number if periods.

If compounded semi-annually, it means we have two periods in 1 year

The rate is also divided by 2

Thus 25 years have (25*2) = 50 periods.

A = 750 (1+5.25/200) ⁵⁰

=750 (1.02625) ⁵⁰

=$2739.81