Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You have invested $4,500 in an account that earns 8% compounded semi-annually. You plan on making additional payments of $75 per month. into this account
- You have invested $4,500 in an account that earns 8% compounded semi-annually. You plan on making additional payments of $75 per month. into this account for the next five years. How much will your investment be worth in 5 years? a. $11.344 b. $12,153 c. $12,654 d. $13,321 e.$13,538
=511344 b. 512153 6. 512,054 at: 517,2 in: a 5338,447 b. 3373521 c. 5422781 45458,402 c. $520 ing What in the nirio at bond B
- You have invested $4,500 in an account that earns 8% compounded semi-annually. You plan on making additional payments of $75 per month. into this account for the next five years. How much will your investment be worth in 5 years? a. $11.344 b. $12,153 c. $12,654 d. $13,321 e.$13,538
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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