How much will you have in this account at end of forty year, Financial Accounting

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How much will you have in this account at end of forty year

Problem

You placed $4,190 in a savings account today that earns an annual interest rate of 13.96 percent, compounded semiannually. How much will you have in this account at the end of 40 years? Assume that all interest received at the end of the period is reinvested the next period.

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Financial Accounting: How much will you have in this account at end of forty year

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Financial Accounting: How much will you have in this account at end of forty year

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