Question

Tammy has 12,000 to invest and believe that she will earn 3% compounded semiannually. Find the compound amount if she invrsy for 2 years and for 12 years

Answer 1

well, just plug in 2 or 12 for n in

12000 (1+.03/2)^(2n)

you can use google or wolframalpha to evaluate easily