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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 rou…

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 rou…
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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?

asked
User DEREK N
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7.7k points

1 Answer

3 votes
A=100,000×(1+0.045÷2)^(2×15)
A=194,939.34
answered
User AleXzpm
by
8.0k points
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