msanchez72 msanchez72

08-10-2021
Mathematics

contestada

How much money will be in an account at the end of 6 years if $8000 is deposited at 7% interest compounded 2 times per year? Assume no deposits or withdrawals are made. HELPPPPPPPPPPPP

Respuesta :

theasianinny3 theasianinny3

08-10-2021

Answer:

$12,088.55

Step-by-step explanation:

$8000(1+(0.07/2))^(2*6)

$8000(1.035)^(2*6)

$8000(1.51106865)

$12088.5492 - exact

$12088.55 - real

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