Question

Kayla plans to put her graduation money into an account and leave it there for 4 years while she goes to college. She receives $750 in graduation money that she puts it into an account that earns 4.25% interest compounded semi-annually. How much will be in Kayla’s account at the end of four years?

Answer 1

\[750(1+\frac{.0425}{2})^8\] and a calculator

Answer 2

$887.40 ?

Answer 3

i didn't check, hold on

Answer 4

that is what i get too!

Answer 5

Okay! thanks (:

Answer 6

yw