15900 (1+.04/2) ^ (2x12)
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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