Register

Find the total amount in the compound interest account. $7000 is compounded semiannually at a rate of 9% for 18 years. (Round to the nearest cent.)

Find the total amount in the compound interest account. $7000 is compounded semiannually at a rate of 9% for 18 years. (Round to the nearest cent.)
asked 875 views
2 votes
Find the total amount in the compound interest account.

$7000 is compounded semiannually at a rate of 9% for 18 years.
(Round to the nearest cent.)

asked
User Kammy
by
7.5k points

1 Answer

3 votes
11340

9% of 7000 is 630 then just multiply 630x18 which equals to 11340
answered
User David Dal Busco
by
8.8k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!