times
$300 for 13 years at 8% compounded semiannually. P=principle = original funds, r=rate, in percent, written as a decimal (1%=.01, 2%=.02,etc) , n=number of times per year, t= number of years So we have: [LIST] [*]$300 principal [*]13 * 2 = 26 periods for n [*]Rate r for a semiannual compound is 8%/2 = 4%