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19-05-2021
Mathematics

contestada

If you deposit $10,000 into an account that pays 6.5% interest compounded semiannually, how much money will you have
after 7 years?

Respuesta :

bigolmaya bigolmaya

19-05-2021

Answer:

PV = $10,000(1/1+6.5%^2x7) It is 7 years semiannually, which means 2 interest payments each year.

Step-by-step explain

Round it to the nearest $100

find this out by using

A=P(1+r/n)^ntnation:

hope this helps

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