Karen Gaines invested $12,000 in a money market account with an interest rate of 3.25% compounded semiannually. Six years later,

Question

Karen Gaines invested $12,000 in a money market account with an interest rate of 3.25% compounded semiannually. Six years later, Karen withdrew the full amount to put toward the down payment on a new house. How much did Karen withdraw from the account?
Karen withdrew $
(Round to the nearest cent as needed.)

Kunduz · Accepted Answer

Click to see the answer