Thursday
July 2, 2015

Homework Help: Math

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

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?

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