4.) Aneisha deposited $7,000 into an account paying 3.5% interest compounded semi-annually. If she leaves her money in the account for four years what would be her account BALANCE? (Balance – initial investment plus interest)

4.) Aneisha deposited $7,000 into an account paying 3.5% interest compounded semi-annually. If she leaves her money in the account for four years what would be her account BALANCE? (Balance – initial investment plus interest)

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 25PROB

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4.) Aneisha deposited $7,000 into an account paying 3.5% interest compounded semi-annually. If
she leaves her money in the account for four years what would be her account BALANCE?
(Balance – initial investment plus interest)

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