Annual payments of 12, 000.00 with interest rate of 2% compounded semi annually for 6 years?
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How to calculate interest compounded semiannually
Add the nominal interest rate in decimal form to 1. The first order of operations is parentheses, and you start with the innermost one. ...
Solve step one to the power of how many compounding periods. ...
Subtract from step two. ...
Multiply step three by the principal amount
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Answer:
do by this process
Step-by-step explanation:
Add the nominal interest rate in decimal form to 1. The first order of operations is parentheses, and you start with the innermost one. ...
Solve step one to the power of how many compounding periods. ...
Subtract from step two. ...
Multiply step three by the principal amount.
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