Alex wants to have $3000 in his bank account after 4 years. If the account earns 6% interest compounded 2 times per year, how much should he put in? Round to the nearest cent. A. $2863.32 B. $2238.36 C.

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asked Jan 5, 2018 86.8k views

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Mathematics
high-school

Nelson Katale asked

by Nelson Katale

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3,000÷(1+0.06÷2)^(2×4)
=2,368.23

Jim Counts answered Jan 9, 2018

by Jim Counts

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