SOLUTION: Nancy invests $100 in one account for 10 year at a 9% interest rate compounded annually, and she invests $150 in an account for 10 years at a 6% interest rate compounded semi-annu
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-> SOLUTION: Nancy invests $100 in one account for 10 year at a 9% interest rate compounded annually, and she invests $150 in an account for 10 years at a 6% interest rate compounded semi-annu
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Question 207979: Nancy invests $100 in one account for 10 year at a 9% interest rate compounded annually, and she invests $150 in an account for 10 years at a 6% interest rate compounded semi-annually. how much money will she have in the account after 10 years? Answer by rfer(16322) (Show Source):
You can put this solution on YOUR website! A=P(1+r)^t
A=100(1.09)^10
A=100(2.3674)
A=236.74
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A=P(1+r/2)^nt
A=150(1+.06/2)^2*10
A=150(1.03)^20
A=150(1.806)
A=270.92
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