Math
posted by Sharai .
Find the amount in an account if $2,000 is invested at 6.125%,compounded semiannually,for 2 years.
A)$2256.49
B)$2252.50
C)$2324.89
D)$544,757.84
Get yourself a pocket calculator or sharpen your pencil. The new amount will be
2000*(1.030625)^4
The 1.030625 factor is what the principal gets multipled by every 6 months. The answer is indeed one of the 4 choices. If is it D, tell me the name of the bank and I will put my money there.
Thanks I appreciate the help!
I needed a different calculator
I had the formula right
the answer is (A)
Right on!
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