This man is right. It definitely isn't $16k. The interest is 4% annually and not per compounding period. Therefore you divide the interest rate (as a decimal) by 2, then multiply the number of compounding periods by 2.DesertFox- wrote:
Wiki = friend
A= P[1 + (r/k)]kt where r= interest rate, p=principle, k=# times compounded, t=time.
A= 25[1 + (.04/2)](2*82) = $643.23
please use it for something useful like an education.
Blackbelts are just whitebelts who have never quit.
m3thod wrote:
please use it for something useful like an education. drugs & booze
I aint even getting it, parents and grandparents are.m3thod wrote:
please use it for something useful like an education.