Find the final amount of money in an account if $ 9 , 300 $ 9 , 300 is deposited at 5 % 5 % interest compounded semi-annually and the money is left for 10 years.
The final amount is $
Round answer to 2 decimal places
What’s the answer?
Just use your formula:
A = P(1 + r/n)^(nt)