<PRE><B>Question 1177850</B>
.


The solution by @MathLover1 is INCORRECT.


She INCORRECTLY treat the problem as an Ordinary Annuity saving plan.


It is NOT an Ordinary Annuity, because it is deposited annually, but compounded semiannually.



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Looking into her activity in last several days, I start thinking that


@MathLover1 presents a real danger for any visitor to this forum, because she provides wrong solutions even to simplest Math problems.



See my notes to her posts in past two days


https://www.algebra.com/algebra/homework/Finance/Finance.faq.question.1177850.html


https://www.algebra.com/algebra/homework/Volume/Volume.faq.question.1177847.html


https://www.algebra.com/algebra/homework/Surface-area/Surface-area.faq.question.1177846.html


https://www.algebra.com/algebra/homework/Triangles/Triangles.faq.question.1177800.html


https://www.algebra.com/algebra/homework/Triangles/Triangles.faq.question.1177804.html



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