SOLUTION: If $10,000 is invested at an interest rate of 4% per year, compounded semiannually, find the value of the investment after the given number of years. (Round your answers to the nea
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Question 1170775: If $10,000 is invested at an interest rate of 4% per year, compounded semiannually, find the value of the investment after the given number of years. (Round your answers to the nearest cent.)
(a) 6 years
$
(b) 12 years
$
(c) 18 years
$
Answer by Solver92311(821) (Show Source): You can put this solution on YOUR website!
The future value, 
, of a single investment, 
, for 
years, at 
percent compounded 
times per year is given by:
^{nt})
You can do your own arithmetic.
John
My calculator said it, I believe it, that settles it
From
I > Ø
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