Find the compound interest when a principal of $40,000 is invested at a rate of 6.5% compounded
Fantastic news! We've Found the answer you've been seeking!
Question:
Find the compound interest when a principal of $40,000 is invested at a rate of 6.5% compounded semiannually for 4 years.
- $51,663.10
- $54,640.78
- $11,663.10
- $14,640.78
Expert Answer:
Posted Date:
