You have $800 in a savings account that earns 6% interest compounded annually. How much additional interest

Question:

You have $800 in a savings account that earns 6% interest compounded annually. How much additional interest would you earn in two years if you moved the $800 to an account that earns 6 percent compounded semi-annually?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Personal Finance

ISBN: 9781259650659

7th Canadian Edition

Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino

Question Posted: