Ashley deposits $2000 in a savings account that pays 8% interest compounded semiannually. What is her balance after one year.

1 answer:

Semmy [17]3 years ago

6 0

Answer:

$2163.20

Step-by-step explanation:

Formula:

$AV=PV(1+\frac{i}{n})^{n*t}}\\2000(1+\frac{.08}{2})^{2*1}\\2000*1.04^2=2163.2$

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