SOLUTION: Compound Interest: Suppose $2,500 is invested in a savings account that pays 4% compounded semiannually, how much is in the account at the end of 1 and a half years? ( 1 1/2)

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Compound Interest: Suppose $2,500 is invested in a savings account that pays 4% compounded semiannually, how much is in the account at the end of 1 and a half years? ( 1 1/2)      Log On


   

Question 1024794: Compound Interest: Suppose $2,500 is invested in a savings account that pays 4% compounded semiannually, how much is in the account at the end of 1 and a half years? ( 1 1/2)
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!




Remember to round to the nearest $0.01

John

My calculator said it, I believe it, that settles it