SOLUTION: Find the final amout of the investment $14,500 invested at 3% compounded semi-annually for 6.5 years.

SOLUTION: Find the final amout of the investment $14,500 invested at 3% compounded semi-annually for 6.5 years.

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Question 248788: Find the final amout of the investment
$14,500 invested at 3% compounded semi-annually for 6.5 years.
Answer by scott8148(6628) (Show Source): You can put this solution on YOUR website!
13 compoundings @ 1.5% each

14500 (1.015)^13 = 17596.51
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