SOLUTION: John deposited $4000 into an account with three points of interest compounded semiannually no Charles are made how much will he have any account after six years

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Question 1153939: John deposited $4000 into an account with three points of interest compounded semiannually no Charles are made how much will he have any account after six years
Found 3 solutions by MathLover1, josmiceli, MathTherapy:
Answer by MathLover1(20849) About Me  (Show Source):
You can put this solution on YOUR website!

A+=+P%281+%2B+r%2Fn%29%5E%28nt%29
P=4000
r=3%=0.03
n=2
t=6 years
A+=+4000%281+%2B+0.03%2F2%29%5E12
A+=+4000%281+%2B+0.015%29%5E12
A+=+4000%281.015%29%5E12
A+=+4000%281.195618%29
A+=+4782.47
Charles will he have $4782.47 after six years.


Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
+A+=+4000%2A%28+1+%2B+.03%2F2+%29%5E%284%2A6+%29+
+A+=+4000%2A1.015%5E24+
+A+=+4000%2A1.4295+
+A+=+5718+
$5,718
----------------------
check:
+A+=+4000%2A1.4295+
+5718+=+5718+

Answer by MathTherapy(10549) About Me  (Show Source):
You can put this solution on YOUR website!

John deposited $4000 into an account with three points of interest compounded semiannually no Charles are made how much will he have any account after six years
One person responded and gave an answer. Another person responded with a different answer. 

One of them MUST be correct. I guess you have to determine who is. 

HINT: They CAN'T both be right!!

Maybe this is a good exercise for you to find who has erred!