March 1, 2017

Homework Help: Algebra

Posted by Cassie on Thursday, April 16, 2009 at 7:52pm.

Suppose that P dollars is invested in a savings account at interest rate I, compounded semiannually, for one year. The amount A in the account after one year is given by A = P(1 + i/2)^2

I got help with a problem similar to this earlier, but I still do not understand.

Thank you! :-)

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