Question

How much money will there be in an account at the end of 10 years if $18,000 is deposited at 4% interest compounded semi-annually? Round to the nearest dollar. (Assume no withdrawals are made.)

Answer 1

Amount = P x (1+r%)^n
\(= 18000 \times (1+ \frac{0.04}{2})^{10\times 2}\)

Answer 2

thanks!

Answer 3

Welcome