Question: Please bold the answer. Answer correctly please. Will leave a positive review if correct. You are going to save money for your son's education. You

Please bold the answer. Answer correctly please. Will leave a positive review

Please bold the answer. Answer correctly please. Will leave a positive review if correct.

You are going to save money for your son's education. You have decided to place $4,798 every half year at the end of the period into a saving account earning 11.35 percent per year, compounded semi-annually for the next 11 years. How much money will be in the account at the end of that time period? Round the answer to two decimal places

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!