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Brian Invested $4000\$ 4000 At an Interest Rate Of 5%5 \% For 10 Years, Where the Interest Was Compounded Semiannually

Question 18

Multiple Choice

Brian invested $4000\$ 4000 at an interest rate of 5%5 \% for 10 years, where the interest was compounded semiannually. If A=P(1+rn) ntA = P \left( 1 + \frac { r } { n } \right) ^ { n t } calculate the accumulated amount.


A) $6,554.47
B) $26,217.88
C) $13,108.94
D) $3,277.24

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