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majarm majarm
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6 years ago
Sam got a job at the Brick. He plans to save $500 every month for 3 years to buy a car. The savings account earns 2.25% compounded semi-annually. If he puts the money in his savings account at the end of each month, what will be the balance in the account at the end of the three-year term?
A) $18 408.04
B) $18 600.50
C) $18 603.37
D) $27 284.81
E) $17 390.19
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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AxyAxy
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Posts: 349
6 years ago
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majarm Author
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6 years ago
You make an excellent tutor!
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Yesterday
Just got PERFECT on my quiz
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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