Algebra

posted by .

If $625 is invested in an account that earns annual interest of 5.5%, compounded semiannually, what will the account balance be after 8 years? (Round your answer to the nearest cent.)

  • Algebra -

    625*(1+0.055/2)^(8*2)

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    If $690 is invested in an account that earns 20.75%, compounded annually, what will the account balance be after 25 years?
  2. math

    If $690 is invested in an account that earns 20.75%, compounded annually, what will the account balance be after 25 years?
  3. ALGEBRA

    If $450 is invested in an account that earns annual interest of 3.5%, compounded semiannually, what will the account balance be after 15 years?
  4. algreba with application

    If $795 is invested in an account that earns annual interest of 5.5%, compounded semiannually, what will the account balance be after 5 years?
  5. ALGEBRA

    If $835 is invested in an account that earns annual interest of 4.5%, compounded semiannually, what will the account balance be after 13 years?
  6. ALGEBRA

    If $695 is invested in an account that earns 21.75%, compounded annually, what will the account balance be after 15 years?
  7. ALGEBRA

    If $835 is invested in an account that earns annual interest of 4.5%, compounded semiannually, what will the account balance be after 13 years?
  8. ALGEBRA

    If $835 is invested in an account that earns annual interest of 4.5%, compounded semiannually, what will the account balance be after 13 years?
  9. ALGEBRA

    If $540 is invested in an account that earns 19.75%, compounded annually, what will the account balance be after 12 years?
  10. math

    If $425 is invested in an account that earns annual interest of 7.5%, compounded semiannually, what will the account balance be after 11 years?

More Similar Questions