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

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 20PROB

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8
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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