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If you deposit $5000 into an account paying 8.25% annual interest compounded semiannually, how much in the account at 20 years?

If you deposit $5000 into an account paying 8.25% annual interest compounded semiannually, how much in the account at 20 years?
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If you deposit $5000 into an account paying 8.25% annual interest compounded semiannually, how much in the account at 20 years?

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User Wooi
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1 Answer

2 votes

Answer:

You would have saved up to $24,407 at the end of the 20 years

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User Scott Huang
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