Ask a New Question

Question

An initial deposit of $5000 earns 5.5% annual interest compounded semiannually. How much will be in the account after 5 years?
12 years ago

Answers

Mac
5000(1+ .055/2)^(2)(5)
12 years ago

Related Questions

An initial deposit of $35,000 grows at an annual rate of 7% for 23 years. Compare the final balances... Initial deposit of $1100.00 on June 1. APR of 2.0%. What is the amount of interest earned on Decembe... assume that the initial deposit is $20000 and the nominal annual interest rate is 5.7%. Determine th... If you deposit $5000 in a savings account at 5.8% interest per year, how much will you have in 36 ye... If you deposit $5000 into an account for 4 years, How much MORE interest would you earn by compoundi... You deposit $5000 into an account that earns 3.5% per year simple interest. How many years will it t... An initial deposit of $900 earns 13% interest, compounded monthly. How much will be in the account i... An initial deposit of $900 earns, 13% interest, compounded monthly. How much will be in the account... If you deposit $5000 into an account paying 8.25% interest compounded annually, how much money will...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use