Question

Geoff has deposited $669 in a savings account that earns interest at a rate of 2.6% compounded twice a year. What will the account balance be in 12 years?

Answer 1

can someone please help me figure this out because i really need this or else my graduation will not happen in June:/

Answer 2

\[A=P(1+r)^{t}\]
where A is the amount after t six monthly periods, P is the principal and r is the six monthly interest rate as a decimal.
\[A=669(1+\frac{0.026}{2})^{24}=you\ can\ calculate\]