SOLUTION: Your aunt is planning to invest in a bank CD that will pay 8.50 percent interest semi-annually. If she has $12,000 to invest, how much will she have at the end of four years?

SOLUTION: Your aunt is planning to invest in a bank CD that will pay 8.50 percent interest semi-annually. If she has $12,000 to invest, how much will she have at the end of four years?

Algebra.Com

Question 1060627: Your aunt is planning to invest in a bank CD that will pay 8.50 percent interest semi-annually. If she has $12,000 to invest, how much will she have at the end of four years?
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
12,000(1+(0.085/2))^(4*2) = 16,741.32
RELATED QUESTIONS
Your aunt is planning to invest in a bank CD that will pay 5.50 percent interest... (answered by Theo)

Your aunt is planning to invest in a bank CD that will pay 5.50 percent interest... (answered by Boreal,MathTherapy)

Todd wants to start a business in 3 years. He figures that he will need $10 000 to start. (answered by josgarithmetic)

How much should an investor be willing to pay now for 10%, 50, 000 bond that will mature... (answered by CPhill)

Lorna Evenson is planning a trip to Alaska in 5 years. She calculated she will need... (answered by Alan3354)

Terry mother figures that she will need to have $200 000 at the end of 10 years. The... (answered by ikleyn)

Della Riley borrowed $2400 for 6 months to invest in a business venture. If she agreed to (answered by Theo,ikleyn)

How long will it take 1,000.00 to earn 300.00 if the interest is 12% compounded... (answered by ewatrrr,ikleyn)

1. Ellen has $8000 to invest in an RESP (Registered Education Savings Plan) for 7 years.... (answered by josmiceli)