Connor wins $13,000 on a game show, and decides to save the money toward a down-payment on a house. If he deposits his winnings in an account which pays 4.8% interest, compounded semiannually, how much is the fund worth in 3 years? Round your answer to the nearest whole dollar. Add Work

Connor wins $13,000 on a game show, and decides to save the money toward a down-payment on a house. If he deposits his winnings in an account which pays 4.8% interest, compounded semiannually, how much is the fund worth in 3 years? Round your answer to the nearest whole dollar. Add Work

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Connor wins $13,000 on a game show, and decides to save the money toward a down-payment on a house.
If he deposits his winnings in an account which pays 4.8% interest, compounded semiannually, how much is
the fund worth in 3 years?
Round your answer to the nearest whole dollar.
ga
E
Add Work
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