Mathematics, 04.02.2021 03:20 daniellecraig77
Describe and correct the error a student made in writing an equation to find the annual value of an investment of $1,000 at 4% annual interest compounded semiannually.
Choose the correct answer below.
A.
The original equation should be
because the interest is compounded 6 times per year.
B.
The original equation should be
because the interest is compounded 4 times per year.
C.
The original equation should be because the interest is compounded 2 times per year.
D.
The original equation should be
because the interest is compounded 2 times per year.
Answers: 3
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Describe and correct the error a student made in writing an equation to find the annual value of an...
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