SOLUTION: if I invest $5000 at 10% compounded Semi annually how much will I have at the end of 7 yrs?

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Question 859496: if I invest $5000 at 10% compounded Semi annually how much will I have at the end of 7 yrs?
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 
Hi,
In General
A = Accumulated Amount
P= principal = $5000
r= annual rate = .10
n= periods per year = 2
t= years = 7
= $9899.66 (rounded to the nearest penny)
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