Asked by michael
what will the value of my investment be on $3000 at 6% annual interest compounded semi annually
Answers
Answered by
MathMate
P=principal = $3000
i=interest=0.06
n=number of 6-month periods
FV=future value
=P(1+i/2)^(n)
i=interest=0.06
n=number of 6-month periods
FV=future value
=P(1+i/2)^(n)
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