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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. 9. D. $25,578. 16

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Answer:

The correct answer to the question "If $13,300 is invested at 3.7% interest compounded semi-annually, how much will the investment be worth in 18 years?" is A. $25,730.54.

To solve the problem, we can use the formula for compound interest:

A = P(1 + r/n)^(n*t)

where A is the amount after t years, P is the principal (initial amount invested), r is the annual interest rate (3.7% or 0.037), n is the number of times the interest is compounded per year (semi-annually means twice per year, so n=2), and t is the number of years (18).

Plugging in the values, we get:

A = $13,300(1 + 0.037/2)^(2*18)

A = $13,300(1.0185)^36

A = $25,730.54 (rounded to the nearest cent)

Therefore, the investment will be worth approximately $25,730.54 after 18 years. Answer A is the closest one to this value.

Step-by-step explanation:

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