Compound Interest: $7,300 at 7% compounded semiannually for 3 years

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In this math video lesson on Simple and Compound Interest, I discuss how to use compound interest to find the total investment value of $7,300 at 7% compounded semiannually for 3 years. #compoundinterest #totalvalue #minutemath

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  1. Minute Math
  2. 7% compounded semiannually for 3 years
  3. $7300 at 7% compounded semiannually for 3 years
  4. $7300
  5. semiannually
  6. compounded semiannually
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Комментарии
Автор

what if the problem does not have a "semiannually"? what if its like $2853 at 4.33% for 5 years?

sainaf.
Автор

Hi, I just wanna ask.. What if I will put this in a table? How can I show the column in years? Is it by half (1/2, 1, 1 1/2, ..) because it is semi-annualy or simply 1, 2, 3, ..? Thanks🧡

reilettedomingo
Автор

This was 50% useful and 50%useless. Thanks for half the info though.

blaqrose