Register

PLEASE HELP ME!!!! If Jimmy invests $250 twice a year at 4% compounded semi-annually, how much will his investment be worth after 3 years? with step by step

PLEASE HELP ME!!!! If Jimmy invests $250 twice a year at 4% compounded semi-annually, how much will his investment be worth after 3 years? with step by step
5.2k views
3 votes
PLEASE HELP ME!!!!

If Jimmy invests $250 twice a year at 4% compounded semi-annually, how much will his investment be worth after 3 years?

with step by step

User Anees
by
8.1k points

1 Answer

4 votes

Answer:

250(1+.04)^3

Explanation:

User Michael Landis
by
8.8k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!