Posted by Logan and Lydia on .
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.