rjparker100
contestada

HELP PLEASE!!!!! IT DOESN'T EVEN SHOW UP ON GOOGLE!!!!!!!!!!!!!1

An account paying 3.2% interest compounded semiannually has a balance of $32,675.12. Determine the amount that can be withdrawn from the account semiannually for 5 years. Assume ordinary annuity and round to the nearest cent. a. $3,505.80 b. $3,561.90 c. $3,039.09 d. $2,991.23

Respuesta :

AnimeBrainly
0.032 is the interest
since it is half a year, double this one
0.032 x 2 = 0.064

your formula is A = P(1 + (r/n)^nt
P is principle
R is rate
N is number of times
T is time

A = 32,675.12(1 + (0.032/2)^2(5)
A = 32675.12(1 + (0.016)^10
A = 32675.12(1.016)^10
A = 32675.12 (1.172)
A = 38295.24064
Your answer is ~38295.24

hope this helps

none of the answers make sense, because you can withdraw a lot more money from your bank account than that, unless you are missing some numbers and stuff
Hello,

Your brainliest answer would be:

b. $3,561.90

Plz mark me brainliest!

Hope this helps!

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