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  • 01-07-2016
  • Mathematics
Answered

$1,000 after 2 years at an interest rate of 3.0% is round up to the nearest cent

Verified Answer :

kallijay8
kallijay8 kallijay8
  • 01-07-2016

After two years with the interest compounded annually the amount would be $1,060.90.

After two years with the interest compounded monthly the amount would be $
1,061.76.

After two years with the interest compounded quarterly the amount would be $1,061.60.

After two years with the interest compounded semiannually the amount would be $
1,061.36.

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