If $6,000 is deposited at the end of each half year in an account that earns an annual rate of 6.3% compounded semiannually, how long will it be before the account contains $170,000? Round your answer to two decimal places.
A) 8.83 half years
B) 51.19 half years
C) 43.82 half years
D) 34.25 half years
E) 20.57 half years

Question

If $6,000 is deposited at the end of each half year in an account that earns an annual rate of 6.3% compounded semiannually, how long will it be before the account contains $170,000? Round your answer to two decimal places. ​
A) 8.83 half years
B) 51.19 half years
C) 43.82 half years
D) 34.25 half years
E) 20.57 half years

Quizplus · Accepted Answer

The Answer of If $6,000 is deposited at the end of each half year in an account that earns an annual rate of 6.3% compounded semiannually, how long will it be before the account contains $170,000? Round your answer to two decimal places. ​
A) 8.83 half years
B) 51.19 half years
C) 43.82 half years
D) 34.25 half years
E) 20.57 half years

If $6,000 Is Deposited at the End of Each Half