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PLEASE HELP ME!!!! If Jimmy invests $250 twice a year at 4% compounded semi-annually, how much will his investment be worth after 3 years? with step by step

PLEASE HELP ME!!!! If Jimmy invests $250 twice a year at 4% compounded semi-annually, how much will his investment be worth after 3 years? with step by step
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3 votes
PLEASE HELP ME!!!!

If Jimmy invests $250 twice a year at 4% compounded semi-annually, how much will his investment be worth after 3 years?

with step by step

asked
User Anees
by
8.1k points

1 Answer

4 votes

Answer:

250(1+.04)^3

Explanation:

answered
User Michael Landis
by
8.8k points
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