document.write( "Question 1197287: What is the Final Amount if P 12400 is invested at an interest of 8% compounded Bi-Monthly for 8
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Algebra.Com's Answer #830507 by josgarithmetic(39617)\"\" \"About 
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\n" ); document.write( "The 8%, is YEARLY rate? One years contains 6 \"bi-monthly\" periods. 8 years of this is \"8%2A6=48\" such periods. The rate for each compounding period is \"8%2F6=4%2F3=1.333\" percent.\r
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