Posted by
**Penny** on
.

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?