Well, since it has 2 zeros, you move the point 2 places to the right.
You'll need to use this formula:
Principal = Total / [(1+ (rate/n))^n*years]
Where "n" is the number of compounding periods per year.
Principal = 2,500 / [(1+ (.05/2))^2*2]
Principal = 2,500 / (1.025)^4
Principal = 2,500 /
<span>
<span>
<span>
1.1038128906
</span>
</span>
</span>
Principal =
<span>
<span>
<span>
2,264.88
</span>
</span>
</span>
Source:
http://www.1728.org/compint3.htm
10 million dollars year 1
13 million dollars year 2
26 million dollars year 3
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The correct answer is (( D )) .
♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️
