Betty DeRose is going to deposit $2,800 into a savings account at the beginning of every...

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Betty DeRose is going to deposit $2,800 into a savings account at the beginning of every...

Betty DeRose is going to deposit $2,800 into a savings account at
the beginning of every six months for the next ten years. Assume
the account will earn 20% interest compounded semi-annually.

Calculate the amount of interest Betty DeRose will earn over the
ten year period.

Use the time value of money factors to answer this
question

business accounting

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Answer 1

Answer #1

Amount Deposited Time Amount Deposited Period Interest Effective Interest rate $2,800.00 10 Years Begining of every 6 months

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Answer 2

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