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what is $500 at 5% compounded semiannually after 6 years? I WILL GIVE MEDAL
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what is $500 at 5% compounded semiannually after 6 years? @Jake33
Is this multiple choice? @viop9
yes
What are the options?
a : 670.05 b: 672.44 c: 650.00 d: 897.93
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I believe the answer is $650.
500 x 0.05 x 6 = 150 500 + 150 = 650
thanks
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