Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
New Topic  
vlademirsimon vlademirsimon
wrote...
Posts: 125
Rep: 0 0
3 months ago

Al Wright puts $2,000 in a bank at the end of every six months. The bank pays 8% compounded semiannually. Assuming Al does this for four years, what is the total interest he will receive?

Note: Round your answer to the nearest cent.

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
Author:
Read 22 times
1 Reply
Replies
Answer verified by a subject expert
yoyoguyyoyoguy
wrote...
Posts: 134
Rep: 0 0
3 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

vlademirsimon Author
wrote...

3 months ago
This calls for a celebration Person Raising Both Hands in Celebration
wrote...

Yesterday
Brilliant
wrote...

2 hours ago
Just got PERFECT on my quiz
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1144 People Browsing
Related Images
  
 214
  
 265
  
 892