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Investing $10,000 in a savings account at 5% annual interest compounded semiannually will result in approximately how much money after 10 years?

Investing $10,000 in a savings account at 5% annual interest compounded semiannually will result in approximately how much money after 10 years?
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Investing $10,000 in a savings account at 5% annual interest compounded semiannually will result in approximately how much money after 10 years?

User LachlanO
by
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1 Answer

3 votes
you’d get $16,288.95 in total,
$6,288.95 earned in interest
User Mehraj Malik
by
8.0k points
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