Sam monte deposits $21,500 into legal bank, which pays 6% interest that is compounded semiannually. using the table in the handbook, what will sam have in his account at the end of six years?

Compound growth formula is given as:

Where,

Given is P = $21,500, r = 6% or 0.06, n = 2 (since semi-annual compounding), and t is 6.

Putting all these into formula and solving for P gives us Sam's balance at end of 6 years.

Sam will have $30,653.86 at end of 6 years in his account.

ANSWER: $30,653.86

134.6 us dollars

step-by-step explanation:

1 us dollar = 1.33 canadian dollars

so, 150 us dollars = 150 × 1.33 = $199.5.

in canada, the money mitchell spent = 20 canadian dollars.

remaining canadian dollars with him = 199.5 - 20 = 179.5.

after mitchell returned to us, he exchanged the remaining canadian dollars to us dollars.

179.5 canadian dollars = 179.5 × 0.75 = 134.6 us dollars.