Saturday

February 13, 2016
Posted by **Michelle** on Friday, April 20, 2012 at 4:43pm.

- Math -
**Henry**, Sunday, April 22, 2012 at 3:38pmP = Po(1+r)^n.

r = 0.06 = APR expressed as a decimal.

n = 1comp/r * 2yrs = 2 Compounding periods.

P = 20000(1.06)^2 = $22472.00.