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Math Help - compounded Semi annual

  1. #1
    Newbie Steves5a's Avatar
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    Jul 2005
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    Word Problems

    ir an account has 2000and it is invested @6.125% compounded semi-annually, for 2 years.
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  2. #2
    Newbie
    Joined
    Aug 2005
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    the formula for compound interest is: A=P(1+r/n)^tn
    A is the total amount earned after the period of time
    P is the principal or starting amount of money
    R is the rate
    n is the numper of times it is compounded annually i.e. quarterly n=4
    t is the time in years that the money is invested
    try plugging your information into the formula and see what you get
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