SOLUTION: please help me find the answer for this question
You deposit $5,700 in an account earning 6% interest compounded semiannually. How much will you have in the account after 6 year
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Question 1131264: please help me find the answer for this question
You deposit $5,700 in an account earning 6% interest compounded semiannually. How much will you have in the account after 6 years?
(Note: Use n=12 for monthly compounding, n=4 for quarterly compounding, n=2 for semiannual compounding, and n=1 for annual compounding.)
Answer by josgarithmetic(39617) (Show Source): You can put this solution on YOUR website!
You deposit $5,700 in an account earning 6% interest compounded semiannually. How much will you have in the account after 6 years?
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Twelve compounding periods at 6% yearly interest
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