5.3 Q 2

2. [-/2 Points] DETAILS TANAPCALC10 5.3.001.EP. MY NOTES AS Consider the following where the principal P is invested at an interest rate of r per year for t years. P = $2,600, r = 5%, t = 10, compounded semiannually Determine m, the number of conversion periods per year. Find the accumulated amount A (in dollars). (Round your answer to the nearest cent.) A = $ Need Help? Read It