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Kelly deposits $900 into an account that pays 4.5% interest annually. How much money will Kelly have in the account (to the nearest cent) at the end of 5 years if the interest is compounded semi-annually?
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Kelly deposits $900 into an account that pays 4.5% interest annually. How much money will Kelly have in the account (to the nearest cent) at the end of 5 years if the interest is compounded semi-annually?

User PrfctByDsgn
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5.5k points

1 Answer

7 votes

Answer:

1,100.05

Explanation:

User Suresh Chaudhary
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5.3k points
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