princessreanna princessreanna

09-12-2016
Mathematics

Answered

Alex wants to have $3000 in his bank account after 4 years. If the account earns 6% interest compounded 2 times per year, how much should he put in?

Verified Answer :

Aliwohaish12 Aliwohaish12

09-12-2016

A=p(1+i/k)^kn,,3000=p(1+0.06/2)^2*4==2,368.23

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