Hello, lionking!

Don't let his monthly deposits confuse you.Matthew deposits $150 each month in his account for 10 years.

How much would he have after the 10-year period if the bank pays 6% p.a.

interest compounded on a half-yearly basis?

Since the bank looks at his account every six months,

. . it is as if he deposits: semi-annually.

The periodic interest rate is:

. .and there are: periods.

The final amount is: .