At the end of every 6 months, the Dangs deposit $200 in a savings account...

80.2K

Verified Solution

Question

Basic Math

image

At the end of every 6 months, the Dangs deposit $200 in a savings account that pays 4.5%/ a compounded semi-annually. They made the first deposit when their son was 18 months old, and they made the last deposit on their son's 18th birthday, when he received the funds from his parents. How much did he receive?

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students