Question 1082124: Jairo deposit $5600 in saving accounts that pays 4 1/2% interest, coumpounes semianually . What is the balance after two years? Answer by solver91311(24713) (Show Source):
is the future value, is the initial principal, is the interest rate as a decimal, is the number of compounding periods in a year, and is the number of years.
You can do the arithmetic
John
My calculator said it, I believe it, that settles it
