A principal amount of $2,975 is placed in a savings account with an annual interest rate of 4.37% compounded semi-annually. What is the total account balance after 15 years?  $2,675.96  $2,714.86  $5,650.96  $5,689.86

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 17E: Mortgage what is the monthly payment on a 30-year mortgage of $100,000 at 8% interest per year,...
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A principal amount of $2,975 is placed in a savings account with an annual interest rate of 4.37% compounded semi-annually. What is the total account balance after 15 years?

 $2,675.96 

$2,714.86 

$5,650.96 

$5,689.86

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