SOLUTION: Jonah has $50,000 in a savings account that earns 10.6% annually. The interest is not compounded. How much will he have in 6 months?

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Question 1024468: Jonah has $50,000 in a savings account that earns 10.6% annually. The interest is not compounded. How much will he have in 6 months?
Answer by FrankM(1040) About Me  (Show Source):
You can put this solution on YOUR website!
10.6% annually is 10.6/2 = 5.3% every 6 months.
50,000 * .053 = 2650 interest
$52650 total