Why do you ask for the answer, when all you have to do is apply the formula?
A = P(1 + r/n)^(nt)
For this problem,
A = 9300(1 + .05/2)^(2*10) = _____
Find the final amount of money in an account if $9,300$ Is deposited at
5% interest compounded semi-annually and the money is left for 10 years.
The final amount is $
Round answer to 2 decimal places
What’s the answer?
1 answer
2 answers