Monday

July 28, 2014

July 28, 2014

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

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 5:48pmAll 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 5:20pmi dont understand still please help with showing how you got that answer thank you

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