15900(1+.04/2)^(2×12) Which of these future values could he have been calculating? A. The future value of $15,900 invested at 2%

Question

15900(1+.04/2)^(2×12)
Which of these future values could he have been calculating?
A. The future value of $15,900 invested at 2% interest compounded
quarterly for 12 years.
B. The future value of $15,900 invested at 4% interest compounded
semiannually for 12 years.
O
C. The future value of $15,900 invested at 4% interest compounded
annually for 2 years.
O
D. The future value of $15,900 invested at 2% interest compounded
annually for 4 years.

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Eliza 4 weeks 2021-12-26T10:48:49+00:00 1 Answer 0 views 0

Answers ( )

    0
    2021-12-26T10:50:18+00:00

    Answer:

    B

    Step-by-step explanation

    .04 is the intrest compounded thats why you add a one to it, and simiannually is the 2×12

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