SOLUTION: how much money would you have in your savings account at the end of two years if you had put five hundred dollars in your account at nine percent compounded semi annually

SOLUTION: how much money would you have in your savings account at the end of two years if you had put five hundred dollars in your account at nine percent compounded semi annually

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Question 495042: how much money would you have in your savings account at the end of two years if you had put five hundred dollars in your account at nine percent compounded semi annually
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=500(1+0.09/2)^2*2
A=500(1.045)^4
A=500*1.1925
A=$5596.25
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