Suppose that 25400 is invested in a certificate of a deposit for 3 years at 6% annual interest to be compounded semi annually how much interest will this investment earn?
3 years, compounded semi-annually, gives us 3 x 2 = 6 periods.
Using our balance with interest calculator, we get $30,328.93
3 years, compounded semi-annually, gives us 3 x 2 = 6 periods.
Using our balance with interest calculator, we get $30,328.93