16) $20,000 at 4% compounded semiannually for 12 years A) $32,168.80 B) $29,600.

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16) $20,000 at 4% compounded semiannually for 12 years 

A) $32,168.80 

B) $29,600.00 

C) $25,364.84 

D) $32,020.64

Apr 25th, 2015

A=P(1+0.02)^24........................Halve Intrest and double time

A=20,000(1.02)^24

A= $32,168.80

Apr 26th, 2015

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