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netineya [11]
3 years ago
10

What principal will amount to S2000 if invested at 4% interest compounded semiannually for 5 years?

Mathematics
1 answer:
statuscvo [17]3 years ago
3 0

Answer:

Formula for principal that amounts to $2000 if invested at 4% interest compounded semiannually for 5 years:

P = 2000 x ( 1 + 0.04/2)^(5 x 2)

  = 2437.99$

Hope this helps!

:)

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