Answered

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$1,000 at 9% compounded semiannually for 2 years

Sagot :

wolf1728

Answer:

Total = principal * (1 + rate / compounding periods ) ^ years * compounding periods

Total = (1,000 * (1 + .09 / 2)^2*2)

Total = (1,000 * (1.045)^4

Total = (1,000 * 1.1925186006)

Total = 1,192.52

Source: http://www.1728.org/compint3.htm

Step-by-step explanation:

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