Tracy invests 500 into an ETF which earns 8% per year. In 5years how much will Tracy’s investment be worth if interest is compounded semiannually (twice a year)? Round to the nearest dollar

$740

Step-by-step explanation:

(see attached picture for reference)

I'm going to assume that when you wrote "500", you mean "$500"

recall that the formula for compound interest:

A=P(1+r/n) ^ (nt)

where

P = principal amount = $500

r = interest rate = 8% = 0.08

n = number of times compounded in a year = 2 (note: semi-annually means twice a year, hence n = 2)

t = number of years = 5

substituting this into the equation,

A=P(1+r/n) ^ (nt)

A=500 [ 1+(0.08/2) ] ^ (2 x 5)

A= $740.1221

A = $740 (rounded to nearest dollar)

answer: 230 miles ( vote ! )

step-by-step explanation:

180.39 minus 17.99 equals 162.4

then divide 162.4 by .80 to get 230

this shows a reflection over the x-axis and is translated one unit down and 6 units to the right (x + 6, y - 1)

hope this !

~just a girl in love with shawn mendes