SOLUTION: 59,981 invested for 3 years at 6% compounded 2peryeat

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Question 819910: 59,981 invested for 3 years at 6% compounded 2peryeat
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
 

Hi, In General A+=+P%281%2Br%2Fn%29%5E%28nt%29

A = Accumulated Amount

P= principal = 59981

r= annual rate = .06

n= periods per year = 2

t= years = 3 

A+=+59981%281.03%29%5E%286%29