ALGEBRA
posted by PHIL .
7300 @ 7% COMPOUNDED SEMIANNUALLY FOR 3 YRS

Use compound interest formula:
Amount = Principal * (rate)^n
rate=interest rate per period
n=number of periods compounded.
Here
rate = 1+ 0.07/2=1.035
number of periods = 3 years * 2 periods/yr
principal=$7300
The question didn't say what's required.
Respond to this Question
Similar Questions

math/algebra
Compounded semiannually. P dollars is invested at annual interest rate r for 1 year. If the interest is compounded semiannually, then the polynomial P(1+r/2)^2represents the value of the investment after 1 year. Rewrite this expression … 
College Algebra
Compounded semiannually. P dollars is invested at annual interest rate r for 1 year. If the interest is compounded semiannually, then the polynomial P(1+r/2)^2 represents the value of the investment after 1 year. Rewrite this expression … 
prealgebra
find the total amount in the compound interest amount. $6350 is compounded semiannually at a rate of 18% for 16 yrs. (round to the nearest hundredth as needed) 
math
at the end of every 3 months, Rita deposits $100 into an account that pays 5% compounded quarterly. After 5 yrs, she puts the accumulated amount into a certificate of deposit paying 8.5% compounded semiannually for 1 yr. when this … 
math check my answer
An internet investment company advertises that if you invest your money with them at 14%, compounded annually, they guarantee yo double your money sooner than you can imagine. Ignoring taxes, how long would it take to double your money … 
Math
If you deposit $900 semiannually in a bank which pays 6% interest compounded semiannually and make no more deposits after 7 years, what is the balance in the account 8 yrs. later from the last deposit? 
Math
Roiger made deposits of $900 semiannually to the bank, which pays 6% interest compounded semiannually. After 7 yrs., he makes no more deposits. What would be the balance in the account 8 yrs. later from the last deposit? 
algebra
Find the accumulated value of an investment of $15,000 at 7% compounded semiannually for 4 yrs 
math
$12000 at 6% compounded semiannually what is value after 21 yrs? 
algebra
Compounded semiannually. P dollars is invested at annual interest rate r for 1 year. If the interest is compounded semiannually, then the polynomial represents the value of the investment after 1 year. Rewrite this expression without …