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April 23, 2014

April 23, 2014

Posted by **Anonymous** on Thursday, July 14, 2011 at 11:46am.

- algebra 2 -
**Henry**, Friday, July 15, 2011 at 5:13pmPt = Po(1+r)^n.

r = (6/12) * 4.5% = 2.25% = 0.0225 =

Semi-annual % rate expressed as a decimal.

n = 2 comp./yr * 10 yrs. = 20 Compounding periods.

Pt = 100,000(1.0225)^20 = $156,050.92.

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