a man puts 100 dollars in a bank account every six months. this account has 10%...

a man puts 100 dollars in a bank account every six months. this account has 10% compound interest that happens once yearly. how much money will be in this account after 18 years

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Expert Solution

Deposit Per Period(PMT)	100
Interest Rate Per Years	10%
Interest Rate Per Period(RATE)	4.88%
Time	18	Years
Period (NPER)= 18*2 =	36
Money After 18 Years(FV)	$9,342.40

jeff jeffy answered 1 year ago

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