You are going to save money for your son's education. You have decided to place $4,663 every half year at the end of the period into a saving account earning 10.15 percent per year, compounded semi-annually for the next 6 years. How much money will be in the account at the end of that time period?

Round the answer to two decimal places.

Answer rating: 100% (QA)

To calculate the future value of the savings account after 6 years we can use the formula F... View the full answer