Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question An account is opened with an initial deposit of $2,500 and earns 1.8% interest compounded semi-annually What will the account be worth in
Question An account is opened with an initial deposit of $2,500 and earns 1.8% interest compounded semi-annually What will the account be worth in 30 years? Round your answer to the nearest cent. Do NOT round until you have calculated the final answer. answer below:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started