Find the Amount when...
P=1000
N=2 1/2 years
R=10%
Compounded half yearly
just plug into the formula ...
i = .10/2 = .05
n = 5
amount = 1000( 1.05)^5
= ....
P=1000
N=2 1/2 years
R=10%
Compounded half yearly
i = .10/2 = .05
n = 5
amount = 1000( 1.05)^5
= ....