Register
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?
81.0k views
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
3.4k points

1 Answer

5 votes
I believe $10,800 but I’m not a 100% sure
User Rajesh Chaudhary
by
3.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.5m questions

4.4m answers

Other Questions

A study was completed in Florida. In southern Florida, the study involved 3,000 patients; 54% of them experienced flulike symptoms during the same month. The study had a margin of error of 1.8%. What does
Solve for x in the equation 3 x squared minus 18 x + 5 = 47. (I need this to be an answer like X=3+\_ square root 23)
Can someone help me plz I have to Turn 27/9 in simplest
The sanchez family goes out for dinner, and the price of the meals is $60. The sales tax on the Meals is 7 percent, and they also want to leave a 15 percent tip. What is the total cost of the meal? Analyze
Simplify: 10 ÷ [(5 + 2) − 5]
Link Copied!