Answer to Question #178270 in Financial Math for Krissia Morales

Question #178270

Accumulate ₱ 25,000 for 2 years and 5 months at 6 ½ 3 compounded every two months

Expert's answer

"A=P(1+\\frac{r}{n})^{nt}"

"=25000(1+\\frac{0.065}{6})^{\\frac{29}{12}}"

"=2500\\times1.026381757"

"=25659.54392"

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