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6. Find the amount an account is worth that earns 6% interest compounded twice per year if $4,000 is deposited in the account for ten years.

6. Find the amount an account is worth that earns 6% interest compounded twice per year if $4,000 is deposited in the account for ten years.
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6. Find the amount an account is worth that earns 6% interest compounded twice per year if $4,000

is deposited in the account for ten years.

asked
User APH
by
7.6k points

1 Answer

6 votes
The final balance is $7,277.59.
The total compound interest is $3,277.59.

6. Find the amount an account is worth that earns 6% interest compounded twice per-example-1
answered
User Roman Borovets
by
8.0k points
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