Question

2. What is the balance after 15 years in a savings account that earns 2% interest compounded bimonthly when the

initial deposit is $1000?
O $1300.50
N.
O $1020.11
O $1012.52
O $1348.07

Answer 1

You deposit $1000 in a savings account that earns ... Balance at. End of Year. = Principal + Annual. Interest. = $1000 + $1000(0.06) ... balance in an account that earns interest compounded annually after t years. P = Principal (initial deposit) ... 15. 4.8. —. 12. 16. 268.68 ⋅72. 17. MULTIPLE CHOICE Which graph represents ...

Explanation: