How oftentimes is semi in line with annum? the 1st time it compounds it will be nicely worth $2160 then $2,332.8 and so on $2,519.40 two $2,720.ninety 8 $2,938.sixty six $3,192.fifty six If semi in line with annum is two cases a 365 days then that's how lots it may be
Answers & Comments
Verified answer
PV = 2000
N = 3*12 = 36
I = 8%/12 = 0.667%
FV = 2000(1.00667)^36
FV = 2540.78
How oftentimes is semi in line with annum? the 1st time it compounds it will be nicely worth $2160 then $2,332.8 and so on $2,519.40 two $2,720.ninety 8 $2,938.sixty six $3,192.fifty six If semi in line with annum is two cases a 365 days then that's how lots it may be
The monthly rate would be .00666667, so it would be compounded 36 times.
Therefore the calcualtion would be [1.0666667^36} X 2000
You can do it with excel.