An investment of $45,000 earns 6% annual interest and is compounded semiannually. If no funds...
50.1K
Verified Solution
Link Copied!
Question
Calculus
An investment of $45,000 earns 6% annual interest and is compounded semiannually. If no funds are added or removed from this account, what is the future value of the investment after 3 years? Round your answer to the nearest penny.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!