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Kathleen deposits $20 into her account that earns 2.5% interest that is compounded twice a year. How much money will Kathleen have in her account in 30 years?

Kathleen deposits $20 into her account that earns 2.5% interest that is compounded twice a year. How much money will Kathleen have in her account in 30 years?
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Kathleen deposits $20 into her account that earns 2.5% interest that is compounded twice a year. How much money will Kathleen have in her account in 30 years?

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User Herschel
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7.2k points

1 Answer

6 votes
A=20×(1+0.025÷2)^(2×30)
A=42.14
answered
User Heehaaw
by
8.8k points
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