You are going to save money for your son’s education. You have decided to place $1,028 every half year at the end of the period into a saving account earning 6.45 percent per year, compounded semi-annually for the next 9 years.
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You are going to save money for your son’s education. You have decided to place $1,028 every half year at the end of the period into a saving account earning 6.45 percent per year, compounded semi-annually for the next 9 years. How much money will be in the account at the end of that time period?
Round the answer to two decimal places.
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