Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. olaf invested $40,000 in a savings account at the

Olaf invested $40,000 in a savings account at the Bank of Arendelle paying 4% p.a....

60.1K

Verified Solution

Question

Finance

image
Olaf invested $40,000 in a savings account at the Bank of Arendelle paying 4% p.a. compounding semi-annually on 1 April 2016. He withdrew $10,000 from this account on 1 April 2019. How much will be in his account on 1 April 2021? $35,046.50 $37,850.12 $37,935.46 O $38.759.78 $36,254.29

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!
Become a Member

Other questions asked by students

Q

Say you are provided two samples containing an unknown concentration of calcium. One sample is a...

Chemistry
Q

Discuss an invention (e.g. contact lenses, Lasik) or drug humans have used to modify their sensory...

Medical Sciences
Q

Discuss why the central limit theorem is so important in quality control. 200-250 word reply please

General Management
Q

You have recently been hired as the assistant controller for Stanton Temperton Corporation, which rents building...

Accounting
Q

3 Characterize the hierarchical organization of living systems cellular level organismal level and population level

Biology
Q

W r t LC oscillation the force constant Kin mechanical system is analogous to which...

Physics
Q

hanged over a pulley of mass m Friction coefficient between pulley and string is u...

Physics
Q

by setting the x intercept and the asymptotes Provide your answer below 10 2 0...

Calculus
Q

Shawn purchases a retirement annuity that will pay him $1,000 at the end of every...

Algebra
Q

Blossom Fashions has 2,000 shares of 7%,100 par value preference shares outstanding at December 31,2025....

Accounting
Q

6 The following are the summarised financial statements of Cygnus plc and Messier plc for...

Accounting
Q

1. Dr. Phil wishes to know how many shares are necessary to elect 3 directors...

Accounting