sheluvsosael0 sheluvsosael0

18-01-2021
Mathematics

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If interest is compounded semi-annually, which expression represents the account balance in t yeats?

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wolf1728 wolf1728

18-01-2021

Answer:

ANNUAL Compounding : Total = Principal * (1 + rate)^years

Semi-Annual TOTAL = Principal * (1 +rate/n)^n*years

where "n" is the number of compounding periods per year

So the formula for semi-annual compounding is

TOTAL = Principal * (1 +rate/t)^t*years

Step-by-step explanation:

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