Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If $ 1 1 0 0 0 is invested at 8 % compounded every 6 months, how much will the investment be worth in 2

If $11000 is invested at 8% compounded every 6 months, how much will the investment be worth in 2 years?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Healthcare Finance An Introduction To Accounting And Financial Management

Authors: Louis C. Gapenski

5th Edition

1567934250, 978-1567934250

More Books

Students also viewed these Finance questions