Register
A principal amount of $4,350 is placed in a savings account with an annual interest rate of 2.6% compounded semi-annually. What is the total account balance after 5 years?
18.3k views
1 vote
A principal amount of $4,350 is placed in a savings account with an annual interest rate of 2.6% compounded semi-annually. What is the total account balance after 5 years?

User Krisha
by
8.1k points

1 Answer

4 votes

Answer:

$4,350(1 + .026/2)¹⁰ = $4,949.76

User Apoorv Saxena
by
7.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.2m questions

11.9m answers

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
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!