Tuesday

March 3, 2015

March 3, 2015

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.

**Answer this Question**

**Related Questions**

Algebra - You invest an initial $4,500 in an account that has an annual interest...

FINANCE - You deposit $2,000 in an account that pays 8% interest compounded ...

Algebra - If $625 is invested in an account that earns annual interest of 5.5%, ...

ALGEBRA - If $835 is invested in an account that earns annual interest of 4.5%, ...

ALGEBRA - If $835 is invested in an account that earns annual interest of 4.5%, ...

ALGEBRA - If $835 is invested in an account that earns annual interest of 4.5%, ...

ALGEBRA - If $450 is invested in an account that earns annual interest of 3.5%, ...

math115 - Steve was charged $75.00 interest for 1 month on a $3,000 credit card ...

math - Jim wants to deposit money in an account to save for a new stereo system ...

Math - Please check my work, thank you If $7,800 is deposited into an account ...