A $3,500 principal earns 3% annual interest, compounded semiannually (twice per year). After 20 years, what is the balance in the account?
a. $7,700.00 b. $4,713.99 c. $5,600.00 d. $6,349.06
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Home » Mathematics » A $3,500 principal earns 3% annual interest, compounded semiannually (twice per year). After 20 years, what is the balance in the account? a. $7,700.00 b. $4,713.99 c. $5,600.00 d. $6,349.06