Ask Question
28 January, 10:26

You invest $100,000 in an account with an annual interest rate of 4.5%, compounded semiannually. How much money is in the account after 15 years? What is the answer when you round your answer to the nearest whole number?

+5
Answers (1)
  1. 28 January, 11:50
    0
    A=100,000 * (1+0.045:2) ^ (2*15)

    A=194,939.34
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You invest $100,000 in an account with an annual interest rate of 4.5%, compounded semiannually. How much money is in the account after 15 ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers