ECONOMICS
COMPOUND INTEREST
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Zach’s parents put $1, 500 in her bank account for college tuition. At an interest rate of 8.25% compounded semi-annually, what will be the balance after 18 years?
|
|
$6, 273.50
|
|
|
$6, 314.08
|
|
|
$6, 385.72
|
|
|
$6, 427.94
|
Explanation:
There is 1 question to complete.