## 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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Math
4 weeks
2021-12-26T10:48:49+00:00
2021-12-26T10:48:49+00:00 1 Answer
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## Answers ( )

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