Register

You invest $100,000 in an account with an annual interest rate of 4.5%, compounded semiannually. How much money is in the account after 15 years? What is the answer when you rou…

You invest $100,000 in an account with an annual interest rate of 4.5%, compounded semiannually. How much money is in the account after 15 years? What is the answer when you rou…
15.4k views
1 vote
You invest $100,000 in an account with an annual interest rate of 4.5%, compounded semiannually. How much money is in the account after 15 years? What is the answer when you round your answer to the nearest whole number?

User DEREK N
by
7.7k points

1 Answer

3 votes
A=100,000×(1+0.045÷2)^(2×15)
A=194,939.34
User AleXzpm
by
8.0k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!