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2) Pito Pérez was saving the amount of $1,500 at the beginning of each fortnight for 10 years. What is the final amount accumulated at the end of the last fortnight? with an interest rate of 12% per year compounded biweekly

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Answer to a math question 2) Pito Pérez was saving the amount of $1,500 at the beginning of each fortnight for 10 years. What is the final amount accumulated at the end of the last fortnight? with an interest rate of 12% per year compounded biweekly

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Dexter
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113 Answers
1500\times\frac{\left(1+\frac{12\%}{26}\right)^{}^{26\times10}-1}{\frac{12\%}{26}} \times\left(1+\frac{12\%}{26}\right)=754529.61

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