Thursday

October 2, 2014

October 2, 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

**Answer this Question**

**Related Questions**

College Algebra - Investment A: $5,000 invested for 7 years compounded ...

Finite Math - Find (a) the final amounts and (b) the total interest earned on ...

Finance - Joe and Sue invested $1500 at Bank America in 2000, at 4% compounded ...

math/algebra - Compounded semiannually. P dollars is invested at annual interest...

math - Twenty years ago Gabe invested $2,000. For the first ten years he earned ...

compounded interest - calculate the future value of an investment of $8,500 if ...

math - find the accumulated value of an investment of $10000 for 5 years at an ...

MATH - An investment adviser invested $14,000 in two accounts. One investment ...

Algebra - If $32,500 is invested at 69% for 3 years find the future value if the...

algebra - If $32,500 is invested at 69% for 3 years find the future value if the...