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August 30, 2014

August 30, 2014

Posted by **linda** on Wednesday, February 20, 2013 at 4:12pm.

- Math -
**Henry**, Thursday, February 21, 2013 at 7:20pmP = Po(1+r)^n.

Po = $2,500 = Initial investment.

r = (5%/2)/100% = 0.025 = Semi-APR expressed as a decimal.

n = 2Comp/yr * 3yrs = 6 Compounding periods.

Plug the above values into the given Eq and get:

P = $2899.23

I = P-Po

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