An engineer deposits 500 per month into an account that pays interest at 6 per...
50.1K
Verified Solution
Link Copied!
Question
Basic Math
An engineer deposits 500 per month into an account that pays interest at 6 per year compounded semi annually twice a year How much will be in the account at the end of 10 years Assume NO interperiod compounding 60 000 70 510 75 890
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!
