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2) Ted invests $6,750 in a savings account with a fixed annual interest rate of 6% compounded semi-annually. What will the account balance be after 10 years?
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14 votes
2) Ted invests $6,750 in a savings account

with a fixed annual interest rate of 6%
compounded semi-annually. What will
the account balance be after 10 years?

User Zachary Wright
by
7.3k points

1 Answer

5 votes
I believe $10,800 but I’m not a 100% sure
User Rajesh Chaudhary
by
7.4k points
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