Homework Help: math

Posted by kristen on Saturday, July 31, 2010 at 10:50am.

im doing corespondence and i tried for days to figure this out and i cant can anyone help??
Determine the amount of each investment? $400 at 9% compounded semi-annually for 2 years i just need that answer and how too get it then i can do them thank you

math - Henry, Saturday, July 31, 2010 at 5:48pm
All calculations are based on the assumption that $400 is the initial
investment. If that is not true,let
me know and I'll redo the cal. based
on the new INFO.

Pt = Po * (r + 1)^n

r = ((9 / 12)/ 100) * 6 = 0.045 = Semi-
annual rate expressed as a decimal
n = 2 yr. / 0.5 = 4 = The number of
compounding periods.
Pt = 400 * (0.045)^4 = 477.01 = The
value of the investment after 2 yrs.
math - kristen, Sunday, August 1, 2010 at 5:20pm
i dont understand still please help with showing how you got that answer thank you

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