wildcat

posted by .

Compound Interest: Suppose $1,600 is invested in a savings account that pays 5% compounded semiannually, how much is in the account at the end of 11 2 years?

having difficulties in finding a solution

  • math needs help -

    Indicate your subject in the "School Subject" box, so those with expertise in the area will respond to the question.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Compound math

    (Future Value) Suppose you invest $8000 into an account that pays an annual interest rate of 6.2%. How much is in the account after 30 years if a. simple interest is compound monthly?
  2. math

    37. A person deposited $500 in a savings account that pays 5% annual interest that is compounded yearly. At the end of 10 years, how much money will be in the savings account?
  3. Math

    A person deposited $500 in a savings account that pays 5% annual interest that is compounded yearly. At the end of the 10 years, how much money will be in the savings account?
  4. geometry

    A person deposits $500.00 into a savings account and pays 5% annual interest that is compounded yearly. At the end of the 10 years how much money will be in the savings account ?
  5. math

    37. A person deposited $500 in a savings account that pays 5% annual interest that is compounded yearly. At the end of 10 years, how much money will be in the savings account?
  6. math

    a person deposited $500 in a savings account that pays 5% annual interest that is compounded yearly. at the end of 10 years, how much money will be in the savings account?
  7. Business Math

    Lee Holmes deposited $ 15,000 in a new savings account at 9% interest compounded semiannually, At the beginning of year 4, Lee deposites an additional $40000 at 9% interest compounded semiannually. At the end of the 6 years what is …
  8. math

    a person deposits five hundred dollars in a savings account that pays 5% annual interest that is compounded yearly. At the end of ten years, how much money will be in the savings account?
  9. Math

    a person deposited $500 in a savings account that pays 5% annual interest that is compounded yearly. at the end of 10 years, how much money will ve in the savings account?
  10. math. compounding interest

    regina deposits 3500 in a savings account that pays 7 1/2 % interest , compounded semiannually. how much interest does the account earn in the first 6 months?

More Similar Questions