Answer:
436.96
Step-by-step explanation:
Using the compoybd interest formula A=P(1+R÷N)^nt
A= Final amount 436.96
P= Initial Balance 420
r= interest rate 4%
n= number of times interest applied per time period 2
t = number of times periods elapsed 2
X probability = 0.02
Cumulative frequency at x ( 6 ) = 1
X P ( X ) Cf ( X )
1 0.58 0.58
2 0.18 0.58 + 0.18 = 0.76
3 0.10 0.76 + 0.10 = 0.86
4 0.07 0.86 + 0.07 = 0.93
5 0.05 0.93 + 0.05 = 0.98
6 0.02 0.98 + 0.02 = 1
