If $5,000 is deposited at the end of each half year in an account that earns an annual rate of 6.0% compounded semiannually, how long will it be before the account contains $145,000? Round your answer to two decimal places.
A)8.88 half years
B)53.56 half years
C)45.78 half years
D)35.67 half years
E)21.18 half years

Question

If $5,000 is deposited at the end of each half year in an account that earns an annual rate of 6.0% compounded semiannually, how long will it be before the account contains $145,000? Round your answer to two decimal places. ​
A)8.88 half years
B)53.56 half years
C)45.78 half years
D)35.67 half years
E)21.18 half years

Quizplus · Accepted Answer

The Answer of If $5,000 is deposited at the end of each half year in an account that earns an annual rate of 6.0% compounded semiannually, how long will it be before the account contains $145,000? Round your answer to two decimal places. ​
A)8.88 half years
B)53.56 half years
C)45.78 half years
D)35.67 half years
E)21.18 half years

If $5,000 Is Deposited at the End of Each Half