Brenda invests $4,848 in a savings account with a fixed annual interest rate of 5% compounded 2 times per year. what will the account balance be after 6 years?

She invests some amount in a saving account of fixed interest compounded half-yearly. It says to find its Future Value after six years.

The principal amount is P = $4,848.

Annual interest rate is 5% i.e. r = 0.05

Compounding period is two times per year i.e. n = 2.

Time of investment is t = 6 years.

We know the formula of Future Value is given by :-

We can plug the given values in the formula to calculate the answer.

Hence, future value of investment after six years is 6,520.02 dollars.

46.2+112.3

step-by-step explanation:

describing distributions is one of the key skills you’ll need to earn a high score on the ap statistics exam. if you need proof of this, just flip through some past exam questions, which can be found at the collegeboard website. you’ll notice that the first free response question is almost always a question requiring you to look at a graph and describe it.

step-by-step explanation: just trying to get points sorry : (