Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. question 9 (1 point) you are going to save money f

Question 9 (1 point) You are going to save money for your son's education. You...

70.2K

Verified Solution

Question

Finance

image

Question 9 (1 point) You are going to save money for your son's education. You have decided to place $4,154 every half year at the end of the period into a saving account earning 10.43 percent per year, compounded semi-annually for the next 8 years. How much money will be in the account at the end of that time period? Round the answer to two decimal places

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