Question

Sam deposits $21,500 into Legal Bank, which pays 6% interest that is compounded semiannually. Using the table in the handbook, what will Sam have in his account at the end of six years?

Answer 1

Answer:

Sam deposited $21,500 into legal bank, which pays 6% interest that is compounded semiannually at the end of 6 years he will have $30,654.70.

Step-by-step explanation: