Register
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.)
862 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.)

User Kammy
by
3.5k points

1 Answer

3 votes
11340

9% of 7000 is 630 then just multiply 630x18 which equals to 11340
User David Dal Busco
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.

3.6m questions

4.6m 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!