Liz decides to save money to buy an electric car. She invests $500 every 6 months at 6.8%/a compounded semi-annually. What total amount of money will she have at the end of the 10th year?

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asked Aug 11, 2023 186k views

13 votes

Liz decides to save money to buy an electric car. She invests $500 every 6 months at

6.8%/a compounded semi-annually. What total amount of money will she have at the end
of the 10th year?

Mathematics
high-school

Dany Dhondt asked

by Dany Dhondt

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1 Answer

6 votes

Answer:

$13,995.48

Explanation:

Liz decides to save money to buy an electric car. She invests $500 every 6 months-example-1

Liz decides to save money to buy an electric car. She invests $500 every 6 months-example-2

Liz decides to save money to buy an electric car. She invests $500 every 6 months-example-3

Ovaltein answered Aug 18, 2023

by Ovaltein

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