SOLUTION: $1,030 at 4% compounded semiannually for 2 years

SOLUTION: $1,030 at 4% compounded semiannually for 2 years

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Question 1131706: $1,030 at 4% compounded semiannually for 2 years
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
1,030(1+(0.04/2))^2*2
1,030(1+0.02)^4
1,030(1.02)^4
Solve (1.02)^4 and multiply times 1,030

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