How much will you have in this account at the end of 12


You placed $4,561 in a savings account today that earns an annual interest rate of 8.92 percent, compounded semiannually. How much will you have in this account at the end of 12 years? Assume that all interest received at the end of the period is reinvested the next period.

Round the answer to two decimal places.

Solution Preview :

Prepared by a verified Expert
Basic Statistics: How much will you have in this account at the end of 12
Reference No:- TGS02807790

Now Priced at $10 (50% Discount)

Recommended (98%)

Rated (4.3/5)