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To finance a vacation in 4 years. Elsie saves $360 at the beginning of every six months in an account paying interest at
Posted: Mon Jul 11, 2022 12:45 pm
by answerhappygod
- To Finance A Vacation In 4 Years Elsie Saves 360 At The Beginning Of Every Six Months In An Account Paying Interest At 1 (19.91 KiB) Viewed 27 times
To finance a vacation in 4 years. Elsie saves $360 at the beginning of every six months in an account paying interest at 14% compounded semi-annually (a) What will be the balance in her account when she takes the vacation? (b) How much of the balance will be interest? (c) If she waits an additional year to start her vacation, and continues to save the same amount of money, how much more money does she have to spend? COTE a) The balance in her account will be S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)