Tuesday

October 21, 2014

October 21, 2014

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.

**Answer this Question**

**Related Questions**

math- check my answer - An internet investment company advertises that if you ...

calculus - Find the interest earned on $15,000,invested for 6yrs at 4% interest ...

math - How much more money would I have if I invested $14,000.00 for 8 years at ...

algebra - Tasha invests $5,000 annually at 6% and $5,000 annually at 8%. Thomas ...

Math - $1000 in a savings bond on the day you were born. The bond pays 6% ...

Math - Use the formula to solve the problems. B × In The amount that results ...

Math - A $20,000 deposit was placed in a bank paying 5.75% interest compounded ...

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

Math - Solve the problem. Round to the nearest cent. Joan wants to have $250,000...

Math - Deana invests some money that earns interest compounded annually. At the ...