Posted by
**Sharai** on
.

Find the amount in an account if $2,000 is invested at 6.125%,compounded semi-annually,for 2 years.

A)$2256.49

B)$2252.50

C)$2324.89

D)$544,757.84

Get yourself a pocket calculator or sharpen your pencil. The new amount will be

2000*(1.030625)^4

The 1.030625 factor is what the principal gets multipled by every 6 months. The answer is indeed one of the 4 choices. If is it D, tell me the name of the bank and I will put my money there.

Thanks I appreciate the help!

I needed a different calculator

I had the formula right

the answer is (A)

Right on!