Sunday

December 21, 2014

December 21, 2014

Posted by **Penny** on Monday, February 26, 2007 at 9:22pm.

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?

**Answer this Question**

**Related Questions**

Math - Find the amount in an account if $2,000 is invested at 6.125%,compounded ...

Math Question - Hi! We asked this question last night but we got confused. Find ...

Math-- Desperate for help! - Find the amount in an account if $2000 is invested ...

math - Find the amount that schould be invested now to accumulate following ...

mathematic 11 - to save for a motercyle, abdul deposited $2000 into an account ...

Finance - 3. Joe and Sue invested $2000 at Bank America in 1995, at 6% ...

Math - On July 1, 1996, Anna invested $2000 in an account that earned 6%/a ...

math - On July 1, 1996, Anna invested $2000 in an account that earned 6%/a ...

Plz Hel, word problem:) - I have tried hard to solve, but I'm stuck.... Let’s ...

Math - Calculate the present value for $1400 needed in 4 years, invested at 4.2...