Question: Which equation would find the balance on this account? initial deposit of $900 APR of 2.25% Compounded semi-annually Time of 10 years Group of answer

Which equation would find the balance on this account?

  • initial deposit of $900
  • APR of 2.25%
  • Compounded semi-annually
  • Time of 10 years

Group of answer choices

Balance=900(1+0.225/10)20

Balance=900(1+.0225/10)20

Balance=900(1+.0225/2)20

Balance=900(1+2.25/2)20

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