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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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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?

User Dany Dhondt
by
8.1k points

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
User Ovaltein
by
8.9k points
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