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Find the balance if $22000 is invested in an account with an 8% annual interest rate, compounded semi-annually for 15 years (round to the nearest penny)The balance will be $___<…

Find the balance if $22000 is invested in an account with an 8% annual interest rate, compounded semi-annually for 15 years (round to the nearest penny)The balance will be $___<…
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Find the balance if $22000 is invested in an account with an 8% annual interest rate, compounded semi-annually for 15 years (round to the nearest penny)The balance will be $___

Find the balance if $22000 is invested in an account with an 8% annual interest rate-example-1
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User Gwhn
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8.2k points

1 Answer

5 votes

A = 22000(1 + 0.08/2)^(15*2)

A = 71354,75

answered
User Wesley Silva
by
8.0k points
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