anonymous
  • anonymous
*****Please help! 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? Round your answer to the nearest whole number. A. $194,939 B. $201,782 C. $216,934 D.$229,453
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
phi
  • phi
do you know the formula for compound interest ? see http://qrc.depaul.edu/StudyGuide2009/Notes/Savings%20Accounts/Compound%20Interest.htm
phi
  • phi
in your problem, the interest rate as a decimal is 0.045 semi-annually means twice a year, so n=2 The principal P is 100000 the time t is 15 years can you finish ?
anonymous
  • anonymous
Yeah I can :) thanks

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