Solve by Using Compound Table

question 6

Short Answer

Solve by using compound table:
$$\begin{array} { | l | l | l | l | l | } \hline \text { Principal } & \text { Rate } & \text { Time } & \begin{array} { l } \text { When } \\\text { Compounded }\end{array} & \text { Total Amount } \\\hline \$ 8,000 & 10 \% & 3 \text { years } & \text { Semiannually } & \text { ? } \\\hline\end{array}$$

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Definitions:

Democratic

Pertaining to a system of government or organization where power is shared equally among its members, often involving election of leaders and equality among citizens in decision-making processes.

Individualism

A social theory valuing the freedom and independence of the individual, often over the interests or norms of the group.

Collectivism

A cultural value that emphasizes the importance of groups and collective action over individual achievement or desires.

Narcissism

A personality trait characterized by inflated self-view and excessive need for admiration, often coupled with a lack of empathy for others.