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2 years ago

12

Alex wants to have $3000 in his bank account after 4 years. If the account earns 6% interest compounded 2 times per year, how mu

ch should he put in? Round to the nearest cent. A. $2863.32 B. $2238.36 C. $2633.82 D. $2368.23

1 answer:

DedPeter [7]2 years ago

5 0

3,000÷(1+0.06÷2)^(2×4)
=2,368.23

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