1 answer:
9514 1404 393
Answer:
$935.11
Step-by-step explanation:
The amount is given by the formula ...
A = P(1 +r/n)^(nt) . . . P invested at rate r for t years compounded n per year
A = $850(1 +0.024/2)^(2·4) = $935.11
The amount accumulated will be $935.11 after 4 years.
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