Asked by Penny
Find the amount in an account if $2000
is invested at 6.125%, compounded
semi-anually,for 2 years.
2000* (1.030625)^4 = /
That is what you get by adding 3.0625% to the principal every 6 months, and compounding 4 times
I Am getting 2252.50, is this correct?
is invested at 6.125%, compounded
semi-anually,for 2 years.
2000* (1.030625)^4 = /
That is what you get by adding 3.0625% to the principal every 6 months, and compounding 4 times
I Am getting 2252.50, is this correct?