Wednesday
August 20, 2014

Homework Help: Math Question

Posted by Logan and Lydia on Tuesday, February 27, 2007 at 9:17am.

Hi! We asked this question last night
but we got confused.

Find the amount in the account if
$2000 is invested at 6.125%,compounded
semi-anually, for 2 years.

I worked this problem and Lydia worked this problem.
I came up with the answer $2,252.50

However, Lydia came up with $2,256.49

Which of us is correct?














I thought that I explained that last night, in my previous answer.
Lydia is correct.

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