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?

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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) About Me  (Show Source):
You can put this solution on YOUR website!
12,000(1+(0.085/2))^(4*2) = 16,741.32