SOLUTION: Please Help: Jules plans to put her graduation money into an account and leave it there for 4 years while he goes to college. He receives $1100 in graduation money that he puts it

Algebra ->  Graphs -> SOLUTION: Please Help: Jules plans to put her graduation money into an account and leave it there for 4 years while he goes to college. He receives $1100 in graduation money that he puts it       Log On


   



Question 1093804: Please Help: Jules plans to put her graduation money into an account and leave it there for 4 years while he goes to college. He receives $1100 in graduation money that he puts it into an account that earns 3.75% interest compounded semi-annually. How much will be in Jules account at the end of four years?
Thank you!

Answer by ikleyn(52817) About Me  (Show Source):
You can put this solution on YOUR website!
.
1100%2A%281+%2B+0.0375%2F2%29%5E8 = 1100*1.16022 = 1276.24 dollars.