How much will have in the account at the end of year

Reference no: EM131798110

Question: You placed $4,143 in a savings account today that earns an annual interest rate of 5.04 percent, compounded semiannually. How much will you have in this account at the end of 9 years? Assume that all interest received at the end of the period is reinvested the next period.

Reference no: EM131798110

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