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nasty-shy [4]
3 years ago
13

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

Mathematics
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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Answer:

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