3 years ago

How much interest would an account earn if 3,000 is invested at an interest rate of 4.8% compounded semiannually for 2 years

1 answer:

5 0

(See attached graphic)
Total = 3,000 * (1 + .048/2)^2*2
Total = 3,000 * (1.024)^4
Total = 3,000 * 1.0995116278 
Total = 3,298.53

You might be interested in

Sonbull [250]

Answer:

56 feet, I think.

Step-by-step explanation:

3 0

2 years ago

Scrat [10]

I believe the answer is True

6 0

3 years ago

lord [1]

X would be equal to 8.

4 0

3 years ago

Bogdan [553]

Answer:

where's the question...?

Step-by-step explanation:

8 0

3 years ago

NARA [144]

The space between a single point is undefined. It's like the
sound of one hand clapping, or one scissor, or a single pant.

5 0

3 years ago