M you invest $720 in an account that has an annual interest rate of 6.2%, compounded semiannually. how much money will be in the account after 5 years? round your answer to the nearest whole number and include units.

$977

Step-by-step explanation:

The formula for compound interest is given by

For the given question, we have

P = $720

r = 0.062

t = 5

n = 2 (because of compounded semiannually)

Substituting these values in the above formula

On simplifying, we get

A = 977

thus, the amount in the account in 5 years = $977

1. d.90

2. e. none of these (80)

3. a. 0

4. b. 6

5. e. none of these (10)

6. a. 5