how much money will be in the account in 4 years?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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18. 

Rosie Hernandez puts 9000 into an account to save money to buy a car in 4 years. If the account earns at 6% annual interest compounded semiannually and no funds are withdrawn, how much money will be in the account in 4 years?

a. 10,971.25

b.13,852.37

c.18,000.00

d.11,160.00

e.11,400.93

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