question archive Genevieve White invested $39000 at XYZ Financial Institution for a period of 5 years
Genevieve White invested $39000 at XYZ Financial Institution for a period of 5 years
Subject:AccountingPrice: Bought3
Genevieve White invested $39000 at XYZ Financial Institution for a
period of 5 years. XYZ Financial Institution gives an interest rate of 5.50% each year, compounded semiannually.
Calculate the total value of the investment at the end of the 6−year period. Round your answer to the nearest cent.
The total value of the investment at the end of the 6−year period is $
