Question 1202449
Francisco opened a saving bond that was compounded semiannually at 2.46%. If
he deposited $1,800, how much will be in the account after 5 years.
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Assuming it's 2.46% per year:
5 years is 10 compounding periods.
FV = PV*(1 + 0.0246/2)^10 = 1800*(1.0123)^10
Just calculator work.