17. Semiannual and other compounding periods

Semiannual compounding implies that interest is compounded ?? times per year.

-4

-6

-2

-3

-12

You have deposited $42,000 into an account that will earn an interest rate of 12% compounded semiannually. How much will you have in this account at the end of 10 years?

-$154,904.64

-$148,169.66

-$134,699.69

-$94,289.78