danpanera danpanera

05-11-2020
Mathematics

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How much will be in your savings account if you invested $250 at 6.3% interest compounded semiannually after 8 years

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Tundexi Tundexi

05-11-2020

Answer:

$664.47

Step-by-step explanation:

A = P(1+i/m)^mn

A = 250(1+0.063/2)^2*8

A = 250(1.063)^16

A = 250*2.657861

A = $664.46525

A = $664.47

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