Find the total amount in the compound interest account. $7000 is compounded semiannually at a rate of 9% for 18 years. (Round to the nearest cent.)

asked Aug 25, 2022 871 views

2 votes

Find the total amount in the compound interest account.

$7000 is compounded semiannually at a rate of 9% for 18 years.
(Round to the nearest cent.)

by Kammy

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3 votes

11340

9% of 7000 is 630 then just multiply 630x18 which equals to 11340

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