Mathematics, 22.02.2021 21:40 kyeilahj

Describe and correct the error a student made in writing an equation to find the annual value of an investment of $1,000 at 4% annual interest compounded semiannually. Choose the correct answer below.

A.

The original equation should be

because the interest is compounded 6 times per year.

B.

The original equation should be

because the interest is compounded 4 times per year.

C.

The original equation should be because the interest is compounded 2 times per year.

D.

The original equation should be

because the interest is compounded 2 times per year.

Answers: 3

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Describe and correct the error a student made in writing an equation to find the annual value of an...