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You invest invest $100,000 in account with an annual interest rate of 4.5% compounded semiannually. How much money is in the account after 10 years

You invest invest $100,000 in account with an annual interest rate of 4.5% compounded semiannually. How much money is in the account after 10 years
asked 224k views
1 vote
You invest invest $100,000 in account with an annual interest rate of 4.5% compounded semiannually. How much money is in the account after 10 years

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User Yoav Schwartz
by
7.7k points

2 Answers

2 votes
AMOUNT AFTER 10 YEARS = 100,000(1 + (0.045/2))^20

= £156,050.92
answered
User Gargoyle
by
7.5k points
5 votes
100,000 x ( 1 + (0.045/2) )^19 = 152617.04$
answered
User Mato
by
8.1k points
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