SOLUTION: You invest $100,000 in an account with an annual interest rate of 4.5%, compounded semiannually. How much money is in the account after 5 years? Round your answer to the nearest wh

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: You invest $100,000 in an account with an annual interest rate of 4.5%, compounded semiannually. How much money is in the account after 5 years? Round your answer to the nearest wh      Log On

 

Hi,

 In General 

A = Accumulated Amount

P= principal = $100,000

r= annual rate = .045

n= periods per year = 2

t= years = 5