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You invest $700 at 6.5% and it’s compounded semi-annually for 3 years. How much will your $700 be worth in 3 years?

You invest $700 at 6.5% and it’s compounded semi-annually for 3 years. How much will your $700 be worth in 3 years?
asked 95.5k views
16 votes
You invest $700 at 6.5% and it’s compounded semi-annually for 3 years. How much will your $700 be worth in 3 years?

asked
User Argoth
by
7.8k points

1 Answer

7 votes

Answer:

$10,700.

Explanation:

answered
User Awithrow
by
9.0k points
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