Chau deposited $4000 into an account with 4.3% interest, compounded semiannually. Assuming that no withdrawals are made, how much will he have in the account after 4 years

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asked Mar 26, 2022 227k views

17 votes

Chau deposited $4000 into an account with 4.3% interest, compounded semiannually. Assuming that no withdrawals are made, how much will he have in the account after 4 years

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college

Ericca asked

by Ericca

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1 Answer

6 votes

Answer:

$ 4,688.00

Explanation:

I = 4000 × 0.043 × 4 = 688

I = $ 688.00

$ 688.00 + $ 4,000.00 = $ 4,688.00

Khrizenriquez answered Mar 31, 2022

by Khrizenriquez

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