231k views
5 votes
If $13,300 is invested at 3.7% interest compounded semi-annually, how much will the investment be worth in 18 years?. . a.$25,730.54. b.$25,808.47. c.$25,861.09. d.$25,578.16

User Twinone
by
7.9k points

1 Answer

4 votes

Answer:

D

Step-by-step explanation:

13300×1.037 to the power of 18 = 25578.15742 or 25578.16 (2dp)

User Karthik G
by
7.6k points