What is the APY for money invested at each rate? 13% compounded semiannually

Taniya Melton

Taniya Melton

Answered question

2022-10-22

What is the APY for money invested at each rate?
13% compounded semiannually

Answer & Explanation

Cagliusov8

Cagliusov8

Beginner2022-10-23Added 15 answers

Answer:
A = ( 1 + r N ) N t A = ( 1 + r N ) N A = ( 1 + 0.065 ) 2 A = ( 1.065 ) 2 A = 1.134225 A 1.1342 I 13.4

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