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Mathematics

Answered

Omar deposited $4000 into an account with 3.3% interest, compounded semiannually. Assuming that no withdrawals are made, how much will he have in the account after 5 years? Do not round any intermediate computations, and round your answer to the nearest cent.

Answer :

Today at 7:32 PM

Answer:

4711.22

Step-by-step explanation:

[tex]A=P(1+\frac{r}{n} )^{nt}\\\\A=4000(1+\frac{0.033}{2}) ^{2*5}\\\\A=4711.22[/tex]

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