Question:

Isabella invests an inheritance of $40500 at 5.5% interest,

Last updated: 8/11/2022

Isabella invests an inheritance of $40500 at 5.5% interest,

Isabella invests an inheritance of $40500 at 5.5% interest, compounded semi-annually for 10 years. Determine the future value of the investment, to the nearest cent. Determine the accumulated interest, to the nearest cent.