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Mr. Hay has $10,000.00 in Money Master Savings account at 5.2% compounded semi-annually and decided to invest $1,000.00 at the end of every six month
Mr. Hay has $10,000.00 in Money Master Savings account at 5.2% compounded semi-annually and decided to invest $1,000.00 at the end of every six month for the next 4 years to buy a new car. What will be the balance in the account at the end of the four-year term?
Round the final answer to the two decimal places as needed. Round all intermediate values to six decimal places as needed.)
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