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OpenStudy (rockinhood):
FAN MEDAL AND TESTIMONY!
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OpenStudy (rockinhood):
Macy deposited $25,000 in a money market account earning 2.5% interest, compounded semiannually. What is Macy's return on this investment after four years?
OpenStudy (anonymous):
Call @knov he can help.
OpenStudy (rockinhood):
Lol He tried earlier but it was all massive confusion
OpenStudy (rockinhood):
25,312 ?
OpenStudy (rockinhood):
But is this after four years ??
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OpenStudy (faiqraees):
A = P ( 1 + r/n )^ nt A =25000(1+0.025/2)^(2*4) Try this
OpenStudy (rockinhood):
27,612.15
OpenStudy (faiqraees):
Yep
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