SOLUTION: Eddie deposited $1200 into an account that earns 3% interest compounded 2 times per year. How much money will Eddie have in his account after 7 years? Round to the nearest cent.
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Question 881326: Eddie deposited $1200 into an account that earns 3% interest compounded 2 times per year. How much money will Eddie have in his account after 7 years? Round to the nearest cent. Answer by ewatrrr(24785) (Show Source):
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A = Accumulated Amount
P= principal = 1200
r= annual rate = .03
n= periods per year = 2
t= years = 7
