In: Accounting
Can you solve this via a HP calculator, if so, how? If not, whats the long version?
In order to save for a new car, you decide to invest into Cuba Bank which pays an annual interest rate of 8% compounding interest semi-annually. You invest $2,000 now and add $500 at the end of every six month period. Including your final deposit, how much total will you have at the end of 6 years?