Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. you deposit $1,300 in a bank account that pays 12%

You deposit $1,300 in a bank account that pays 12% stated...

80.2K

Verified Solution

Question

Accounting

image
You deposit $1,300 in a bank account that pays 12% stated annual interest compounded semi-annually. What is the value of your investment at the end of 11 years? Please round your answer to the nearest hundredth

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

Statistics
1.2K views

Let X be the number of heads and let Y be the number of tails...

Geometry
1.2K views

Tools Question 1 Right triangle XYZ is shown below Z 29 20 X 21 Enter...

Calculus
1.2K views

Given 1 8 and 3 1 find b a b g

Algebra
1.2K views

Find an equation of the line containing the given pair of points 2 4 and...

Accounting
1.2K views

Please answer all the questions! No work needed ...

Accounting
1.2K views

The net income reported on the income statement of Windsor, Inc. for the current year...

Accounting
1.2K views

8. Larry registr las siguientes donaciones este ao: $500 en efectivo para una familia necesitada...

Accounting
1.2K views

4. COMPUTE DIRECT LABOR BASED ON THE FOLLOWING: FACTORY SUPERVISOR=$1,000 ASSEMBLY LINE WORKERS=$2,000 AND OFFICE...

Accounting
1.2K views

Required Schedule C calculation in detail and form 1040 calculation detail Mark Moore, 48, Social...

Accounting
1.2K views

Providing subunit managers with performance results and comparing targets to actual results would be an...

Accounting
1.2K views

Before the year began, Brookville Manufacturing estimated that manufacturing overhead for the year would be...

Finance
1.2K views

Find the payment made by the ordinary annuity with the given present value. $81,552; monthly...