Marshall invests $12,450.00 in a mutual fund which boasts a 5.7% annual return compounded semiannually. After 3 and a half years, Marshall decides to withdraw his money.
1.) How much is in his account?
2.) How much has he made in interest from his investment?
Show your work please
5.7 multiply by 1250000
the interst rate made is gotten as follos p[1-r]3
where did the 125000 come from
sorry its 12450
oh okay I was just confused thank you
so when I put in 12450[1-0.057]3 is that my answer to how much is in his account
the 3 is a power
okay I am very confused. I don't know how to get how much is in his account and how much interest he made from his investment
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