+0  
 
0
25
1
avatar+3460 

Help 13

NotSoSmart  Oct 2, 2018
 #1
avatar+90023 
+2

P = 4864.77

r = interest rate  =  .039

n =  compoundings per year  =  2   [ twice per year ]

t = time =  2  [years] 

 

So we have

 

A  = 4864.77 [ 1 + .039/2]^(2* 2 )   = $5255.47 ⇒ "C"

 

 

cool cool cool

CPhill  Oct 2, 2018

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