What is the future value of $1,720 in 14 years assuming an interest rate of 7.25 percent compounded semiannually? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) Future value

The future value of $1,720 in 14 years assuming an interest rate of 7.25 percent compounded semiannually is $4,661.61

Step-by-step explanation:

The compound interest formula is given by:

Where A is the amount of money, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per unit t and t is the time the money is invested or borrowed for.

In this problem, we have that

Semianually is twice a year, so .

Also,

So

The future value of $1,720 in 14 years assuming an interest rate of 7.25 percent compounded semiannually is $4,661.61

amount of oatypop that contains the prize = 40%

amount   of oatypop which doesn't contain the prize = (100-40)=60%

probability that hannah will win a prize

    = s +f s +f f s+ff   f s+ff f f s+ infinity.where f= failure,s= success

=   or 60%

probability that hannah only has to buy 3 or less boxes before getting a prize= (s) and ( f s) and (ff s) and (f f f s)

        = = 87.04 %  

step-by-step explanation:

w'x is 0.

hope it