Answer:
Total = principal * (1 + rate / compounding periods ) ^ years * compounding periods
Total = (1,000 * (1 + .09 / 2)^2*2)
Total = (1,000 * (1.045)^4
Total = (1,000 * 1.1925186006)
Total = 1,192.52
Source: http://www.1728.org/compint3.htm
Step-by-step explanation:
