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Michelle is 25 years old and wants to retire at the age of 50. if she invests $60,000 inheritance at 7% compounded semi annually how much will she have when she turns 50
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@Mehek14 @SnuggieLad
\[60,000\times (1+\frac{.07}{2})^{50}\] and a calculator
i don't have a right calculator for this
your kidding right?
you are on a computer?
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http://www.wolframalpha.com/input/?i=60,000 \times+%281%2B\frac{.07}{2}%29^{50}
yea my hand held isn't a scientific one
copy and paste
in the chrome ,write scientific computer and click,you will get.
pro tip: for simple calculations like this you can just type it into google
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type in 60,000 * (1+0.07/2)^50 into the google search bar
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