Question:

Greg deposited $4000 into an account with 4.3% interest,

Last updated: 7/18/2022

Greg deposited $4000 into an account with 4.3% interest,

Greg deposited $4000 into an account with 4.3% interest, compounded semiannually. Assuming that no withdrawals are made, how much will he have in the account after 3 years? Do not round any intermediate computations, and round your answer to the nearest cent.