Can some one please help me find the equasion fo this word problem?

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Suppose you deposite $2400 in an account [paying 3.8% interest compounded semi-annually. Find the accoount balance after 12 years.

2006-11-07 09:44:20 · 4 answers · asked by ♥ Vogue ♥ 2 in Education & Reference ➔ Homework Help

theaccount balance after 12 years will be
=2400*(1.019^24)

2006-11-07 09:54:27 · answer #1 · answered by raj 7 · 0⤊ 0⤋

2400+(2400*.038)*24

2006-11-07 09:54:01 · answer #2 · answered by greenwhitecollege 4 · 0⤊ 0⤋

2400+(2400x 0.38)x 24

i think

2006-11-07 09:49:51 · answer #3 · answered by Anonymous · 0⤊ 1⤋

i would google it

2006-11-07 09:52:20 · answer #4 · answered by stevieg639 3 · 0⤊ 0⤋