Alexia has $4864.77 in her money market account currently. If the annual interest rate is 3.9%, and the interest is compounded twice per year, how much money will be in her account after 2 years?
The formula is A=p (1+r/k)^kt A future value? P present value 4864.77 R interest rate 0.039 K compounded twice per year 2 T time 2 years A=4,864.77×(1+0.039÷2)^(2×2) A=5,255.47
