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2000(1+.06/12)(2)

 Feb 19, 2016
 #1
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1+.06/12 = 1.005

1.005*2000 = 2010

2010*2 = 4020

4020

 Feb 19, 2016
 #2
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2000(1+.06/12)(2) This should be written like this:

2000(1 + .005)^2*12 =

2000 X 1.005^24 =

2000 X 1.12716 =

$2,254.32

 Feb 19, 2016

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