Answer:
A = $94652.66
Step-by-step explanation:
Use the compound amount formula A = P(1 + r/n)^(nt), where r is the annual interest rate and n is the number of compounding periods per year.
Here, A = ($77000)(1 + 0.07/2)^(2*3), or
A = $77000(1.035)^6, or
A = $77000(1.229), or
A = $94652.66
