You can invest in a bank account that has an APR of 8%. You want to make equal deposits every semester (six months) of $500 for the next 5 years. How much will you have accumulated at the end of the 5 years?

Answer rating: 100% (QA)

You can accumulate approximately 600305 at the end of 5 years by investing 500 every semester for 5 ... View the full answer