Ask Question
10 April, 07:52

Anthony put $4,000 in a savings account with a fixed interest rate of 4.1% for three years. The interest is compounded semi-annually. How much money will be in the account after three years?

+3
Answers (1)
  1. 10 April, 08:20
    0
    you would have to multiply 4,000 by. 041 every half a year for three years resulting in approximately $5090.55
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Anthony put $4,000 in a savings account with a fixed interest rate of 4.1% for three years. The interest is compounded semi-annually. How ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers